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The Financial Conduct Authority’s (FCA's) updated Enforcement Guide: Exceptional and Additional Circ
Our accountants team has extensive experience of handling both contentious and non-contentious matters for accountancy firms. We have been involved in numerous high profile matters and are uniquely placed to assist all sizes and types of accountancy firms.
On the non-contentious side, our professional practice lawyers offer a range of services for the largest international accounting networks as well as for smaller firms. These include risk management implications for global networks, and insurance and reinsurance captive arrangements under the different legal and regulatory regimes in which they operate.
Our contentious experience includes defending firms sued in small to multimillion-pound claims, and dealing with disputes covering the full range of audit, tax, advisory, valuation and insolvency services provided by accountants. We handle claims concerning allegations of failure by the auditors to detect fraud. This is a specialised area requiring specific expertise with regards to auditors’ reports. We advise on a range of regulatory, disciplinary and investigatory proceedings, and guide our clients through the particular challenges presented by parallel domestic and cross-border civil and disciplinary proceedings.
We also work with a number of accountancy firms in relation to their employment matters, partnership disputes and team moves.
Advised a group of several Consultant Sedationists in relation to their grouping under the banner of "Sedation Solutions". This involved the incorporation of the new LLP (and a related limited company), advising the parties in relation to the LLP Agreement, advising the LLP in relation to the acquisition of several medical practices, preparation of personal guarantees of the Members, and all related matters (including preparation of terms and conditions, licence to occupy premises, and...
Advised an accountancy firm on their PI submissions regarding the FRC investigation into previous employee. We also investigated the background as to why our client went insolvent
The FSA led an investigation into operations systems and controls (FS regulated advice). This raised questions regarding the nature and extent of our client's cover. We were therefore required to advise as to the adequacy of this cover. We then assisted with the transition of our client into another accountancy firm.
Advised on the Incorporation of an accountancy business, including transfer of the business from the partnership to a new company and preparation of a shareholders agreement.
Advised an individual in relation to their investment in an LLP. Our role included the incorporation of the LLP, advice in relation to the preparation of the LLP Agreement, preparation of senior and junior debt documentation and all security documentation, and all ancillary documentation (including consultancy agreements, management agreement, and all members' resolutions etc).
Advised our client on a number of complex employee/partner related matters arising out of the merger of two accountancy firms, and subsequent restructuring, which included a TUPE transfer of the business. The merger triggered exits from 6 teams of partners and their staff at 6 different locations across the UK. We provided urgent advice to the newly merged entity in relation to the protection of its business interests.
Acting for a major accountancy in relation to a liquidation of a stockbroking company. In relations to a multi-million pound negligence claim
Transfer of the business of an accountancy practice from a partnership to an LLP, including an LLP Members agreement and rebranding
Advising on consultation with unions in redundancy and TUPE transfer situations where industrial action is threatened
Advising a company in the UK in relation to a high value claim brought by a trade union for a failure to inform and consult appropriately around a change programme.
Advising clients in establishing internal employee consultation structures (both with and without unions)
Advising on legal options around, and the legality, of balloting and any calls for strike action (and working in relation to any industrial action being called off)
Advising on a long-running employment tribunal case brought by a trade union Unite, relating to collective consultation and protective award proceedings
Advising a plc on a substantial pre-litigation equal pay case with over 600 potential claimants, which included undertaking an equal pay review, reporting on liability and quantum, negotiating with the trade union and co-ordinating with an equal pay expert and Counsel.
Working with an industrial services company in the UK in relation to a request from a training board for its registration as a leviable establishment.
Working with an international company in relation to the management of its relationship with its recognised unions, and the management of a dispute and avoidance of industrial action
Advising clients in dispute situations as to how to resolve existing disputes via ACAS and other processes
Assisted in drafting rule books revisions for 2 major trade unions
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Global Senior Partner and Chair of Global Management Board
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