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Latest on risk management, professional indemnity and compliance issues.
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December 11, 2020
Report on Trade-Based Money Laundering by the Financial Action Task Force (FATF) and The Egmont Group
See here.
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December 11, 2020
Spire Healthcare Ltd v Royal & Sun Alliance Insurance Plc [2020] EWHC 3299 (Comm) (10 December 2020)
Decision on aggregation in relation to multiple claims arising from (1) negligent and (2) unnecessary surgery by Mr Ian Paterson, who was later convicted on 17 counts, holding that there were two claims under the policy.
See here.
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December 10, 2020
Outside Counsel Guidelines – Washington DC
The District of Columbia Bar’s Rules of Professional Conduct Review Committee is consulting on proposed amendments to the D.C. Rules of Professional Conduct that would address issues arising from client-generated engagement letters and outside counsel guidelines. These would limit certain practices that: (1) restrict the ability of prospective clients to engage counsel of their choice; (2) impose restrictions on lawyers’ independence and right to practice; (3) can render outside counsel liable for damages sustained by clients or others through no fault of such counsel; (4) restrict a lawyer’s right to retain a copy of a client’s file, including the lawyer’s work product; (5) restrict a lawyer’s right to make use of general, non-confidential information acquired in the course of a representation; and (6) can compel outside counsel to accept clients’ unilateral changes in the terms of a representation.
See here.
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December 4, 2020
Law Society guidance: End of transition period guidance: anti-money laundering
See here.
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December 1, 2020
Office of Financial Sanctions Implementation: Get ready for the end of the transition period – OFSI
See here.
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November 27, 2020
Beckwith v Solicitors Regulation Authority [2020] EWHC 3231 (Admin)
Successful appeal against a decision of the Solicitors Disciplinary Tribunal, which helps delineate the boundaries of the SRA Principles relating to integrity and public trust.
See here.
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November 25, 2020
SRA report on Anti-Money Laundering Visits 2019-2020
(published 25 November 2020)
See here.
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November 23, 2020
SRA Risk Outlook 2020/21
(Published 23 November 2020)
See here.
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November 17, 2020
Draft Standard Contractual Clauses for the transfer of personal data to third countries
The European Commission has published a draft implementing decision on Standard Contractual Clauses for the transfer of personal data to third countries pursuant to the GDPR, along with its draft set of new SCCs (see Annex).
See here.
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November 16, 2020
European Data Protection Board – public consultation on measures to supplement transfer tools for international data transfers following the Schrems II decision
The Information Commissioner’s Offices has announced that it is reviewing the draft recommendations and also reviewing the European Commission’s new GDPR Standard Contractual Clauses.
See here.
