In today's digital age, safeguarding sensitive information is paramount for legal practitioners. Gain the latest strategies to effectively manage client data, ensuring compliance with stringent data protection laws and maintaining the integrity of legal processes. Stay ahead of evolving cyber threats with robust security frameworks. Discover best practices for protecting your firm's digital assets, preventing breaches, and ensuring client confidentiality, all while adhering to industry standards and regulatory requirements.
This week's edition of Practice Compliance weekly highlights includes the latest UKFIU guidance on the use of AI to bypass customer due diligence...
The UK Financial Intelligence Unit’s (UKFIU) magazine, SARs in Action, has published its 37th issue. The UKFIU’s 37th issue of SARs in Action...
The Solicitors Regulation Authority (SRA) has published a warning notice directed at all solicitors and law firms under its regulation. The notice...
This week's edition of Practice Compliance weekly highlights includes amendments to three OFSI general licences, further UK sanctions designations...
What is a solicitor's undertaking?An undertaking is a commitment by a solicitor to do something. It can be enforced against the solicitor by the...
In what circumstances might a solicitor be able to contact another lawyer's client directly?The current SRA Standards and Regulations (STaR) are...
SRA Code of Conduct for individuals and firmsThis Practice Note provides guidance on the SRA Codes of Conduct, contained in the SRA Standards and...
Acting for yourself, friends and familyThis Practice Note covers considerations where a law firm wishes to act for one of its own partners or...
Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a
Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an
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