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COVID-19: Litigation in the Time of a Pandemic LATEST UPDATES

COVID-19: Litigation in the Time of a Pandemic LATEST UPDATES

The procedures of the Courts across the different jurisdictions of the United Kingdom are changing from day to day.  We have updated our alert to refl ...

Accountancy Newsletter  - March 2020

Accountancy Newsletter - March 2020

DAC Beachcroft's Accountancy newsletter features topical news and insights for our clients and contacts. Sports Direct and Privilege The Court ...

Sports Direct and Privilege

Sports Direct and Privilege

The Court of Appeal has handed down its judgment in Sports Direct International Plc v FRC [2020] EWCA Civ 177. This was Sports Direct’s challenge to t ...

SAAMCO principles remain a complex area of law – how does it apply to a claim based on alleged audit negligence?

SAAMCO principles remain a complex area of law – how does it apply to a claim based on alleged audit negligence?

BTI 2014 LLC v PWC [2019] EWHC 3034 (Ch) An audit report certifies that the financial statements prepared by the board of directors is free of materia ...

There is now a “dominant purpose” test for legal advice privilege – some practical points for accounting practices

There is now a “dominant purpose” test for legal advice privilege – some practical points for accounting practices

Litigation’ privilege has long been subject to a ‘dominant purpose’test. For a document to be privileged, the dominant purpose for its creation must h ...

FRC consults on proposals to revise ISA standards for identifying and assessing risks of material misstatement

FRC consults on proposals to revise ISA standards for identifying and assessing risks of material misstatement

The FRC is consulting on proposals to revise International Standard on Auditing (UK) 315 – Identifying and Assessing the Risks of Material Misstatemen ...

Disguised Remuneration Schemes and The Loan Charge- Are Accountants Exposed?

Disguised Remuneration Schemes and The Loan Charge- Are Accountants Exposed?

Accountants have been facing claims for a while because of their previous involvement in disguised remuneration schemes looking to reduce income tax a ...

Fully Charged! Recent decisions where the Court has been positive in compelling parties to engage in ADR

Fully Charged! Recent decisions where the Court has been positive in compelling parties to engage in ADR

Parties to litigation have long been encouraged to consider Alternative Dispute Resolution (ADR). Its numerous benefits include assisting parties to r ...

Administrators should act in the best interest of company’s creditors as a whole - in the absence of a special relationship it should not favour any particular creditor

Administrators should act in the best interest of company’s creditors as a whole - in the absence of a special relationship it should not favour any particular creditor

Fraser Turner Limited v PricewaterhouseCoopers LLP and others [2019] EWCA Civ 1290 The Court of Appeal has upheld a decision striking out claims again ...

A warning for insolvency practitioners – take care when handling personal data

A warning for insolvency practitioners – take care when handling personal data

The Financial Conduct Authority, the Information Commissioner’s Office and the Financial Services Compensation Scheme have issued a joint statement wa ...