GST withholding key date looming – what you need to know

18 June, 2020

Certain contracts entered into before 1 July 2018 that settle after 1 July 2020 will be subject to GST withholding requirements. With this crucial date close by practitioners need to remember to consider GST withholding for these older contracts.   LPLC receives regular enquiries from practitioners about the GST withholding regime, so here are some […]

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Client money at risk – EFT email fraud a continuing threat

28 May, 2020

Introduction Lawyers retained in transactional matters involving the electronic movement of client funds are continuing to be targeted by cybercriminals through compromised email accounts and fraudulently sent or altered emails. There is no worse feeling for a practitioner than a phone call from a client saying they haven’t received the money they were expecting, and […]

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Subject to finance timely reminder

20 May, 2020

Subject to finance clauses have always been a source of claims but attention needs to be paid to them more than ever in this current uncertain economic climate. There are two recurring mistakes we see in claims that are particularly relevant at the moment. The first is that clients are not adequately advised about how […]

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Solicitors’ certificates – risky business in COVID-19

1 May, 2020

In the current financial environment requests for practitioners to advise on loans and guarantees, particularly from second and third tier lenders, appear to be increasing. Providing solicitors’ certificates in these matters is risky at the best of times, but where there is uncertainty about future financial and property market stability and clients under severe financial […]

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Safe practice during the pandemic

16 April, 2020

Working remotely still requires access to practice management tools, doing all the steps in a matter and not being distracted Stay alert to cyber risks Plan what to do if staff are unavailable Review files and record what needs to be done where someone else can action it if required Keep clients informed Take time […]

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