Indemnity insurance

Lawyers who advised clients on the Coronavirus Job Retention Scheme are at risk of claims as the government looks to claw back payments to which recipients were not entitled.

A man who lost his pension after investing in self-storage pods with disastrous results was not the client of the law firm who advised on it, a judge has held.

It is difficult to imagine a “more obvious breach of duty” by a conveyancing solicitor than failing to register its new owner, the High Court has said in a case where it had “disastrous consequences”.

The Solicitors Regulation Authority is to look again at whether to close the Solicitors Indemnity Fund – which covers claims made after firms’ run-off cover expires – in September this year.

The High Court has rejected an attempt by well-known Surrey law firm Stevens & Bolton to strike out allegations against it of dishonest assistance, deceit and unlawful means conspiracy.

Law firms unable to secure professional indemnity insurance because of Covid-19 can prolong the extended indemnity period by agreement and with regulatory approval.

The High Court has rejected a “fanciful” £600,000 conveyancing negligence claim against the law firm Gateley, based on an error admitted by the firm.

A defunct Italian law firm that operated in London has been ordered by the High Court to pay €3.5m to investors in a failed holiday development that allegedly had links to the Mafia.

An insurance intermediary in the City of London has opened the door to the new breed of freelance solicitors by launching the first indemnity cover for them.

The Solicitors Regulation Authority has ended a controversial five-year project to reform the professional indemnity insurance regime, meaning the minimum level of cover will not be cut to £500,000.