A negligent property overvaluation case has been thrown out by the courts for being outside the six year time limit to make a claim. The decision shines a light on how case law will be applied to limitation defences in…read more
Insurers must assess exposure to cyber-losses. Published August 2017
Insurers have been ordered to check that they are holding sufficient capital to pay insurance claims in the event of a massive cyber-attack. The Prudential Regulation Authority (PRA) says it expects all insurers to fully understand their exposure to cyber-related…read more
Barrier to solicitors changing regulator removed. Published August 2017
Solicitors will be able to switch regulator more easily after proposed changes to professional indemnity insurance rules were announced by the Solicitors Regulation Authority (SRA). Firms will no longer need to buy six years’ run-off cover if they move regulator. …read more
Accountants set to offer legal services in taxation cases. Published August 2017
Accountants could offer legal services to their clients, including representing them in court to argue taxation cases if proposed regulatory changes are approved. The Legal Services Board (LSB) has written to the Lord Chancellor recommending that he allows the ICAEW,…read more
Limitation clause protects sub-contractor from huge damages claim. Published August 2017
The Technology and Construction Court has upheld a limitation clause which restricted a sub contractor’s liabilities for causing delay to 10% of its sub-contract value. The case shows the court’s willingness to support limitation clauses where the meaning of the…read more
