Navigating the intricate world of third-party relationships is crucial for maintaining compliance and protecting your practice from liability. This resource provides in-depth, practical guidance on managing third-party risks, ensuring due diligence, and developing robust contracts and agreements. Equip yourself with the tools needed to handle third-party interactions with confidence and uphold the highest standards of practice compliance.
The Office of Financial Sanctions Implementation (OFSI) has published guidance stating that it will apply a presumption of denial, with immediate...
Law360, London: An executive director at the Financial Conduct Authority (FCA) urged law firms on 17 September 2026 to work with law enforcement...
MLex: UK law firms should not expect to be ‘caught out’ by the Financial Conduct Authority (FCA) when it takes over anti-money laundering (AML)...
This week's edition of Practice Compliance weekly highlights includes High Court guidance on the application of sanctions rules to the assignment of...
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...
What is a legal entity identifier (LEI) and does my law firm need one?What is a legal entity identifier?A legal entity identifier (LEI) is 20-character code that is unique to the entity it is allocated to. Once issued, a LEI stays with the entity throughout its existence. LEIs are registered on a
Referral and fee sharing arrangementsThis Practice Note reflects requirements for law firms and solicitors in the SRA Code of Conduct for Solicitors RELs and RFLs (Code for Solicitors) and the SRA Code of Conduct for Firms (Code for Firms) in relation to referral and fee sharing arrangements.The
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
If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit
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