Litigation funding is becoming mainstream according to one of the UK’s leading providers of third-party finance for legal cases. Burford Capital, which invested over £220m in financing legal cases in the first six months of 2018, says its profits are…read more
Complaints against letting agents increasing says ombudsman. Published September 2018
Complaints about letting and estate agents rose by 3% to over 3,500, according to The Property Ombudsman’s (TPO) 2017 annual report. Financial awards jumped by 11% to £1.36 million over the year. TPO is one of two ombudsman services providing…read more
Solicitors face hundreds of negligence claims over failed property schemes. Published September 2018
Two law firms are facing multiple claims of negligence after investors lost millions on student accommodation and hotels which were never built. Northampton-based Scott Fowler face 166 claims and Yorkshire-based firm Wilsons 56 claims from disgruntled investors. The buyers, many…read more
Adjudication award did not breach ‘natural justice’. Published September 2018
Claims that an adjudicator’s decision to award over £600,000 to a contractor breached natural justice have been thrown out by the court. The adjudicator had rejected both parties’ claims and made an award based on his own interpretation of the…read more
Ombudsman not ready to take on SME complaints says Select Committee. Published September 2018
The powerful Treasury Select Committee has raised doubts whether the Financial Ombudsman Scheme (FOS) will be ready to take on small business complaints by December 2018. The deadline has been proposed by the Financial Conduct Authority (FCA), which oversees the…read more
