What is an intervention?
An intervention is the act of closing down a firm of solicitors by the Solicitors Regulation Authority (SRA). The SRA has the statutory power, granted by Parliament, to do this in order to protect the interests of the clients and the public.
The SRA also takes possession of all files and monies held by the intervened firm. They use Intervention Agents, such as ourselves, to help with this process. Intervention Agents, however, do not continue the practice of the intervened firm.
Effectively this means the intervened firm is no longer able to act on behalf of its clients during the intervention. Instead, you must find a new firm of solicitors to act on your behalf as soon as possible.
In a recent appeal from an arbitration decision, the English Court was asked to consider the apportionment of liability, under the Inter-Club Agreement, in respect of a cargo claim arising from the handling of cargo.
What does care cost? No doubt many providers we meet would say that the cost local authorities will pay is often at odds with the actual costs faced by providers. It is perhaps, therefore, not surprising that the news over recent weeks has reported an increase in the number of care services falling into insolvency.
You may have heard the news today about House of Fraser announcing a planned Company Voluntary Arrangement (CVA) which if approved, will see the closure of 31 of its 59 stores.