Insurance Legislation By Helen Faulkner Legislative changes are bringing major changes to the Insurance landscape. This collection houses DAC Beachcroft's alerts on the pertinent issues.
The Insurance Act 2015 By Nick Young The Insurance Act 2015 comes into force in August 2016 and will represent a significant change to insurance contract law in this country. This collection provides practical advice and looks at various topics relating to the Act. You can save…
Breaking the Mountaineer’s Knee: Supreme Court establishes “purpose test” to assess the scope of an auditor’s duty By Jamie Tomlinson Introduction A lot has already been written about the June 2021 Supreme Court judgment in the case of Manchester Building Society vs. Grant Thornton UK LLP [2021] UKSC 20 . That is not surprising, as it is the first Supreme Court decision on the…
Auditors’ duties in relation to fraud – the new requirements of (Revised) ISA (UK) 240 By Richard Highley Introduction In May 2021, the Financial Reporting Council (“FRC”) issued revised standards in relation to an auditor’s duty to report fraud in a period of heightened public scrutiny of the profession. Auditors have always owed a duty, to their…
Exposures under the Pensions Schemes Act 2021 for auditors and accountants By Christopher Dyke The introduction of broad new criminal sanctions and civil fines in the Pensions Act 2021 (PSA) exposes a wide range of persons involved in pension schemes. Although the focus of many articles has been on the directors and officers of an employer…
Accountancy Experts – the importance of objectivity, relevant expertise and operating on a level playing field By Francesca Muscutt Professional expert witnesses provide an important role in litigation; they assist the court by providing unbiased, objective opinions and analysis on issues within their relevant field of expertise. The vast majority of experts understand what…
Can Accountants refuse ADR and avoid the own goal of a costs penalty? By Naomi Park The Court has discretion as to the orders it can make on costs in litigation (under CPR Part 44), and a successful litigant can be penalised in costs if, for example, they unreasonably refuse to engage in mediation.
PFAS: the risks that the “forever chemical” poses to the environment and the resulting claims By Duncan Strachan PFAS is short for ‘perfluoroalkyl and polyfluoroalkyl substances’, and they are a group of man-made chemicals that have been in commercial production since the 1940s to make surfaces resist stains, water and grease due to their water- and…
A reminder for conveyancers about paying proceeds of sale to third parties By Tom Bedford The recent decision in Lennon and another v Englefield and others [2021] EWHC 1473 (QB) provides some comfort for solicitors who are instructed to transfer the proceeds of sale of a property to a third party agent, where the client has provided…
A mandatory insurance for taxi services by Apps in Peru? By Pedro Richter The taxi service by applications has had an important expansion in Peru, mainly due to the high informality of the regular taxi service However, this expansion is not exempt from problems of a legal nature, therefore recently, Congress intends to…
Mexico Enacts New Provisions to Combat Money Laundering in the Insurance Industry By Miguel Angel de la Fuente Mexico has been an active member of the Financial Action Task Force ("FATF") since 2000, whose objective is to establish international standards on the prevention of money laundering and the financing of terrorism ("PLD/FT"). Since then, the Mexican…
Managing Agencies in Colombia By Juan Diego Arango Since October 3, 2018, the Financial Superintendency, through External Circular 020, gave recognition, within the local market, to the managing agencies, usual in international markets.
