Controversial cuts to the Solicitors Regulation Authority (SRA) Compensation Fund have been maintained by the regulator. It wants to limit pay-outs from the fund to £500,000 – down from the current £2 million limit. The SRA’s plans will now go…read more
High Court rules on FCA business interruption insurance test case. Published October 2020
The High Court has arguably ruled in favour of the Financial Conduct Authority (FCA) in its recent test case to clarify whether some businesses shut down by the Covid-19 pandemic can claim on their Business Interruption (BI) insurance. The Court…read more
Controversial planning proposals announced by government. Published October 2020
The government has announced controversial plans to overhaul England’s planning system. The Housing Secretary says its proposals are designed to speed up the approval process and cut red tape – but some critics have warned that the plans could lead…read more
Accounting giant loses appeal against record audit damages. Published October 2020
Grant Thornton has failed in its bid to overturn record £22 million damages after it was found liable for negligence in its audit of fire equipment leasing company AssetCo. Judges threw out the accounting giant’s appeal, but reduced the damages…read more
RICS warns of unqualified people completing high rise fire safety forms. Published October 2020
The Royal Institution of Chartered Surveyors (RICS) has condemned the practice of unqualified people completing EWS1 fire safety forms. The form, which was introduced in the wake of the Grenfell Tower tragedy, is intended to inform mortgage lenders whether external…read more
