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News

Home » News

Construction & Property PI
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Government consults on plans to strengthen the regulation of architects. Published December 2020

29/12/2020

Plans to regularly check architects’ competence have been announced by the government.  The proposals, set out in a consultation announced by Housing Minister Christopher Pincher, will allow the Architects Registration Board (ARB) to set statutory standards of competence for architects…read more

Petition to Government to block Japanese knotweed loophole. Published December 2020

21/12/2020

Property developers can sell new homes without disclosing the risk of Japanese knotweed, putting buyers at risk of significant removal costs says Manchester law firm, Graham Coffey & Co.  The firm has launched a petition calling on the government to…read more

Financial Services PI
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Government proposes compulsory PI insurance for tax advisers. Published January 2021

18/01/2021

The government is to consult on making professional indemnity insurance (PII) compulsory for tax advisers.  It argues that this will raise standards in the tax advice market, provide recourse and protect consumers. The move comes in response to the government’s…read more

FRC ‘operational separation’ of audit practices. Published December 2020

18/12/2020

The Financial Reporting Council (FRC) ordered the ‘Big Four’ audit firms to implement ‘operational separation’ of their audit practices by June 2024.  The move followed high profile audit failures at Carillion, BHS, Patisserie Valerie and Thomas Cook. PwC, Deloitte, EY…read more

General News
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The Supreme Court clarifies English law on ‘apparent bias’ in arbitrations. Published January 2021

18/01/2021

In a long-awaited judgement arising from the Deepwater Horizon oil rig disaster, the Supreme Court has confirmed that arbitrators may accept multiple appointments on related matters.  However in this significant ruling it has been decided that an arbitrator has a…read more

HMCTS moving forward with digital courts data collection. Published December 2020

07/12/2020

HM Courts and Tribunal Service (HMCTS) is moving forward with data collection recommendations made by researchers, despite claims that progress is ‘disappointingly slow’.  In a recently released paper, HMCTS has set out the progress in the last 12 months against…read more

Legal PI
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Law firm fined for ‘acting as a bank’. Published December 2020.

05/01/2021

An international law firm has been fined £21,000 by the Solicitors Regulation Authority (SRA) for holding millions of pounds in its client account for cases in which it was not involved. Milberg is an affiliate of US class action practice…read more

Insurers must be allowed to cancel PII policies for non-payment says IUA. Published November 2020

16/11/2020

The International Underwriting Association (IUA) has warned the legal profession that professional indemnity insurance may become unsustainable if insurers are not allowed to cancel policies for the non-payment of premiums. In an unprecedented open letter to the profession, the IUA…read more

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      • The Supreme Court clarifies English law on ‘apparent bias’ in arbitrations. Published January 2021
      • Government proposes compulsory PI insurance for tax advisers. Published January 2021
      • Law firm fined for 'acting as a bank'. Published December 2020.
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