“The rewards can be big, but firms seeking to become public companies face significant hurdles.”
The Guardian, 5th May 2011
from the Inner Temple Library
“Where a partner entrusted with the responsibility of dealing with all aspects of the firm’s professional indemnity insurance failed to fulfil his obligations, a liability in damages to a client, for which the firm’s professional indemnity insurer had refused indemnity, was a liability to be borne personally by the partner because he was responsible for notifying the insurers that a claim had been made and his delay in doing so caused the refusal of indemnity.”
WLR Daily, 11th March 2009
Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.
“Although the interests and liabilities of a member of a limited liability partnership were different from those of a contributory to a limited company and those differences might lead to some changes in practice so far as petitions to wind them up were concerned, a person seeking to exercise a right to appear and be heard in court proceedings, whether as creditor or contributory, should at least claim to be a member of the class on whom that right was conferred.”
WLR Daily, 17th February 2009
Please note once a case has been reported in one of the ICLR series the corresponding WLR Daily summary is removed.