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Claims

Your policy requires that you give LPLC immediate notice of any claim first made against you during the policy period, or any circumstance which might give rise to a claim of which you become aware during the policy period. We encourage early notification as this enables us to take action, or provide advice and guidance, so as to minimise any loss or damage that might occur.

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Historic institutional child sexual abuse litigation has surged in the past 12 months and is complex and demanding work for legal practitioners.

It’s crucial that practitioners stay on top of this rapidly changing landscape, and that those who are not familiar with this area of practice, or don’t have the resources to manage it in the manner required, avoid dabbling and risking a potential claim.

For those practising in this area, the Supreme Court has recently issued a new Institutional Liability List Case Management and Listing Update with new case management procedures to better manage the very large number of new proceedings now being filed in this List.

Our article provides a summary of the changes and risk management tips to help practitioners comply with the new procedures.

The Victorian Government has introduced the State Tax Amendment Bill 2024 which, amongst other taxation changes, will (if passed) broaden the holiday home exemption to allow shareholders of companies, as well as certain beneficiaries of trusts and relatives of those shareholders and beneficiaries, to satisfy the exemption for a property owned by a company or trust.

This alert outlines the changes and the criteria associated with the holiday home exemption.

LPLC sees claims in conveyancing transactions where practitioners have failed to identify that a caveat has been lodged over a property after the contract of sale of land is entered into, and before settlement.

Our May LIJ article covers the key features of PEXA’s Title Activity Check (TAC) system and explains the importance of conducting up-to-date title searches to check the title and if there have been any dealings prior to settlement. Don’t rely on TAC’s as a replacement for these searches.

The Commercial and Industrial Property Tax Reform Bill (the Bill) was introduced into the Victorian Parliament on 20 March 2024. The reforms are expected to pass into law in early May before commencing on 1 July 2024.

Matthew Cridland, Partner at K&L Gates, has provided a comprehensive overview as a guide to the reforms and CIPT tax, and key risk management tips for practitioners acting in these matters.

The cybersecurity environment is constantly changing and with the release of the VLSB+C Minimum Cybersecurity Expectations, all practitioners have an immediate requirement to ensure that they are complying with current standards.

Presented by LPLC Risk Manager and experienced cyber lawyer, Dr Fabian Horton, this recorded webinar is designed to equip all practitioners, especially those without in-house cyber security advisors, with an understanding of the expectations and common cyber threats so that they can upgrade their mitigation strategies to protect their practices.

The decision to sue a client for unpaid legal fees can be met with an allegation of negligence. LPLC sees claims where practitioners have then become stuck in expensive and stressful disputes and litigation, where the cost and time dealing with the counterclaim has outweighed the unpaid fees.

Our LIJ article provides some risk management tips for practitioners contemplating legal action for unpaid fees as well as measures to implement from the outset of a matter to help avoid being in this difficult situation.

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