Resources
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Equality and Diversity Under Outcomes Focused Regulation
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Equality and diversity are of fundamental importance to the legal profession. Although these principles are already enshrined in elements of employment legislation, they are also an explicit part of the ‘outcomes focused regulation’ which the Solicitors Regulation Authority (SRA) has imposed on the profession since 2011 and which affects all stakeholders.
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A Comparison of COLP and COFA
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The Solicitors Regulation Authority (SRA) mandates that firms providing legal services adopt a system of business management where there is a clear and effective governance structure and reporting lines. Two roles that clients should be aware of are the Compliance Officer of Legal Practice (COLP) and the Compliance Officer of Finance and Administration (COF ...
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Litigation Update: The Likely Impact of the Jackson Reforms
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Lord Justice Jackson's reforms are implemented from April 1, 2013 through the Legal Aid, Sentencing and Punishment of Offenders Act ("LASPO"). Changes will also be incorporated into the Civil Procedure Rules which set out the standards for conducting litigation and the mechanisms for managing litigation costs.
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The Dangers of Registering Property in the Name of an Offshore Entity
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Holding properties in offshore entities has come under the scrutiny of legislators keen to be seen as cutting down tax avoidance. From April 2013 the tax regime relating to UK property whose title is held by offshore non-natural persons will undergo a change, with the result that new taxes and charges will be levied.
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Bankruptcy and Co-ownership of Property
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When the co-owner of a property faces bankruptcy, how that property is held can have a significant effect on the outcome for the other party. Most important is to distinguish whether the property is held as tenants in common where the interest is held in separate shares, or beneficial joint tenants where the interest is held in equal undivided shares.
