The value of a family business or business interest is treated as an asset and therefore part of the matrimonial pot to be distributed when it comes to negotiating a financial settlement on divorce or...
When meeting with clients to discuss their succession planning, many cannot recall whether their property is held jointly as joint tenants or jointly as tenants in common. The distinction is that with...
It can be difficult for individuals to raise concerns about the actions of their practice but there are professional and regulatory obligations to do so in certain situations. Senior staff, including compliance officers, should develop an open-culture environment that supports the reporting of concerns.
The Law Society has issue updated guidance on raising concerns and whistleblowing. The practice note includes detailed advice on:
the professional and regulatory obligations on individuals to raise concerns about the actions of their practice in certain situations;
the importance of the roles of COLPs and COFAs; and
considerations for practices in developing a whistleblowing policy.
Click here to read the practice note [updated 13 January 2016].