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Published 3 December 2015
Recently we have seen an increase in professionals who hold client money being targeted by hacking scams. Accountants are increasingly being targeted because they are used to handling, and moving on instruction, sums of money for their clients.
An update on the implementation of the Graham Review, and what the future holds for pre-packs.
This month in Sharma v Top Brands Ltd  EWCA Civ 1140 the Court of Appeal has again been asked to grapple with the question of when the illegality defence is available to defendants to actions brought by an insolvent company where the losses claimed are arguably tainted by the company's own fraudulent actions.
The latest on HMRC's 'clamp down' on tax avoidance, including news on how the Financial Services Compensation Scheme represents another area of exposure.
The recent High Court decision in Worthing and Another v Lloyds Bank Plc  EWHC 2836 (QB), provides helpful guidance on the issue of continuing duties of care of professionals in the context of the provision of investment advice.
The recent case of Oraki v Bramston and Defty  EWHC 2046 (Ch) concerned former bankrupts' claims of professional negligence against trustees in bankruptcy (trustees).
The Jackson reforms were aimed at increasing the efficiency and reducing the costs of litigation. Since the implementation of the reforms on 1 April 2013, the litigation landscape has changed and in-house counsel who manage litigation at accounting and audit firms should be aware of the practical effects.
The Financial Reporting Council's 2016/19 strategy, pre-pack reforms and EU proposals on profit-shifting.
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