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Date: August 2017

Home » Archives for August 2017

Negligent property valuation case thrown out by courts. Published August 2017

31/08/2017

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

31/08/2017

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

30/08/2017

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

30/08/2017

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

29/08/2017

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

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