Acquisition without insurance the dispute centers on xyz law’s acquisition of files and staff from notary express ltd The sra claims that xyz law attempted to update its insurance to cover the new work but was declined by the insurer Despite this, dadu proceeded with the acquisition by signing two succession agreements. The solicitors disciplinary tribunal (sdt) reprimanded mr dadu, who runs yorkshire firm xyz law, but halved the sra’s costs to £14,000 This is the lowest sanction it can impose The costs decision also reflected the sra’s withdrawal of an allegation that the notification failure showed a lack of integrity.
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