Contractor Sir Robert McAlpine (McAlpine) has failed in a bid to be paid fees it said were due after it pulled out of the redevelopment of London’s iconic Centre Point Tower. After the court hearing Mike Hussey, chief executive of…read more
Costs rise at the Legal Ombudsman. Published May 2018
The cost of handling complaints against lawyers is rising to £12.5m a year according to the 2018-19 budget published by the Legal Ombudsman (LeO). The ombudsman blames increasing complexity of claims and higher than expected claims volumes for the rise…read more
Promoters of unauthorised investments ordered to repay £16.9m. Published May 2018
Promoters of four unauthorised funds have been ordered to repay investors £16.9 million by the High Court. The Financial Conduct Authority (FCA) brought the case after individuals were promised returns of 15% a year from dubious investments in African farm…read more
RICS members could face negligence action for failing to follow new lease code. Published May 2018
The Royal Institute of Chartered Surveyors (RICS) has issued a draft ‘Code for Leasing Business Premises’. Many of the measures in the new Code will be mandatory for RICS members – meaning they could face claims of negligence or disciplinary…read more
New data protection rules to impact professional indemnity insurance? Published May 2018
New EU data protection rules could have a knock-on effect on firms seeking professional indemnity insurance, claims a report in FT Adviser. The General Data Protection Regulation (GDPR) gives individuals far greater rights over how organisations hold and use their…read more
