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Limitation of actions – Prescription. Court of Session: Granting decree of absolvitor in an action in which a company in liquidation sued a firm of solicitors for damages for loss caused by facilitation of fraud, averring that it had instructed the defenders to act in relation to proposed loans to four Gibraltar companies and that £7.3m had been paid out of the defenders' client account to third parties and not to the four companies, the court rejected the defenders' contention that the pursuer had failed relevantly to aver circumstances in which it had sustained any loss as a consequence of anything they had done, but held that the pursuer had failed to aver and prove circumstances entitling it to protection from prescription under s 6(4) or s 11(3) of the Prescription and Limitation (Scotland) Act 1973.
Limitation of actions – Prescription. Court of Session: Granting decree of absolvitor in an action in which a company in liquidation sued a firm of solicitors for damages for loss caused by facilitation of fraud, averring that it had instructed the defenders to act in relation to proposed loans to four Gibraltar companies and that £7.3m had been paid out of the defenders' client account to third parties and not to the four companies, the court rejected the defenders' contention that the pursuer had failed relevantly to aver circumstances in which it had sustained any loss as a consequence of anything they had done, but held that the pursuer had failed to aver and prove circumstances entitling it to protection from prescription under s 6(4) or s 11(3) of the Prescription and Limitation (Scotland) Act 1973.
Sam Townend KC explains the Bar Council’s efforts towards ensuring a bright future for the profession
Giovanni D’Avola explores the issue of over-citation of unreported cases and the ‘added value’ elements of a law report
Louise Crush explores the key points and opportunities for tax efficiency
Westgate Wealth Management Ltd is a Partner Practice of FTSE 100 company St. James’s Place – one of the top UK Wealth Management firms. We offer a holistic service of distinct quality, integrity, and excellence with the aim to build a professional and valuable relationship with our clients, helping to provide them with security now, prosperity in the future and the highest standard of service in all of our dealings.
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If you were to host a dinner party with 10 guests, and you asked them to explain what financial planning is and how it differs to financial advice, you’d receive 10 different answers. The variety of answers highlights the ongoing need to clarify and promote the value of financial planning.
Most of us like to think we would risk our career in order to meet our ethical obligations, so why have so many lawyers failed to hold the line? asks Flora Page
If your current practice environment is bringing you down, seek a new one. However daunting the change, it will be worth it, says Anon Barrister
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Sam Townend KC explains the Bar Council’s efforts towards ensuring a bright future for the profession
The long-running fee-paid judicial pensions saga continues. The current cut-off date for giving notice of election to join FPJPS is 31 March 2024, and that date now gives rise to a serious problem, warns HH John Platt
