Covid-19 FCA test case: Some clarity for policyholders?

The Financial Conduct Authority (FCA) brought the Test Case in June 2020 to clarify the extent to which certain non-damage “disease clauses” and “prevention of access” clauses in business interruption insurance policies would respond to losses arising out of the UK Government’s lockdown measures taken to combat the spread of Covid-19 in March 2020.

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Insurance: A review of 2020 and outlook for 2021

There is no doubt that 2020 has secured its place in the history books for a number of reasons (we will save Covid-19 for later), such as the current hard professional indemnity insurance (PII) market conditions that we have not seen since 2001, following the 9/11 terror attacks. Every corner of the UK professional sector […]

SRA provides some breathing space for law firms struggling to obtain PI cover

By Zarina Lawley The Solicitors Regulation Authority (SRA) recently published a useful Q&A article on their website which we recommend all law firms take the time to read. It summarises some of the most common queries the SRA has received from solicitors about their rules and the potential impact of Coronavirus. The article discusses professional […]

Email hijacking and how to avoid it

You probably won’t know you’re a victim of the fastest-growing cybercrime until it’s too late. Email hijacking, where a cyber criminal takes control of your email account, might sound like something out of a spy novel, but it’s a very real threat, especially for law firms who deal with valuable client data and money.

The 5th Money Laundering Directive – What are the key changes?

The 5th Money Laundering Directive1 (5MLD) came into force on the 10th January 2020. 5MLD is set to build on the regulatory requirements under the 4th Money Laundering Directive2 (4MLD). The purpose of 5MLD is to strengthen the UK’s financial system in order to prevent criminals laundering money and funding terrorism.

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