Professional Negligence News

Insurers’ appeals dismissed by Supreme Court 15 January 2021

Supreme Court Judgment handed down on 15 January 2021 in the FCA Test case. The proceedings have been brought by the Financial Conduct Authority (the “FCA”) under the Financial Markets Test Case Scheme (the “Scheme”) pursuant to an agreement made with eight insurance companies to resolve issues of general importance on which immediately relevant and

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CJC has just published its report on guideline hourly rates. It is open for public consultation until 31 March 2021

GUIDELINE HOURLY RATES WORKING GROUP REPORT FOR CONSULTATION JANUARY 2021 Should the recommendations be accepted? –  response required by 31 March 2021 Respond to the consultation online CJC link here   Some thoughts from Katy Manley: The stated methodology itself is contradictory and the logic flawed to the extent that the rates proposed in paragraph

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Truffle Tree Investment Scheme – contact Pradeep Oliver of Cripps Pemberton Greenish solicitors

Pradeep Oliver can be contacted on 01892 515121 PNLA registration The scheme has been subject to Court proceedings brought by the Insolvency Service resulting in the winding up of five connected companies: Westcountrytruffles Limited; Truffle Sales Limited; Viceroy Jones New Tech Limited; Viceroy Jones Overseas PCC Limited; Credit Free Limited. A non-party costs order was

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NEWS Covid-19 BI Update: Supreme Court to hear FCA Test Case appeal on 16-19 November 2020 – Fenchurch Law article by Aaron Le Marquer

Further to the ‘leapfrog’ applications for appeal filed by the FCA and 6 insurers in October, the Supreme Court has now granted the applications, and listed the matter to be heard from 16-19 November 2020. Link to full article

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Solicitors liable even if claimant acted illegally – Supreme Court decision of 30 October 2020 in Stoffel & Co. v Grondona

The background facts arise from the purchase by Ms Maria Grondona from Mr CL Mitchell of a flat with the benefit of a mortgage from Birmingham Midshires in October 2002. ‘The mortgage advance was procured by fraud. The respondent dishonestly misrepresented on the mortgage application form that the sale from Mitchell to the respondent was

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