Excel Securities plc v Masood [2009] EWHC 3912 (QB)

Conveyancing: A nightmare scenario?

In Dreamvar the purchaser’s solicitor was found liable for fraud by the ‘vendor’. Timothy Polli argues the logic of the decision ‘The effect of the decision is that the integrity of the conveyancing process (prior to registration of title) is underwritten by the conveyancing profession.’The case of Dreamvar (UK) Ltd v Mishcon de Reya [2016] …

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Fraud: Buyer beware

Sonia Ferreira, Karen Jacobs and Tim Constable consider who is to blame if the seller is an imposter ‘In order to provide protection for a buyer, a buyer’s solicitor may wish to seek an undertaking from a seller’s solicitor that it will only release completion moneys upon receiving confirmation that it acts for the true …

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Trusts: Consequences of non-compliance

Paul Marshall discusses a case which explores relief from liability for breach of trust under the Trustee Act 1925 ‘Where a vendor’s solicitor has not complied with the requirements of the AML Regulations it will be difficult to escape strict liability for the consequences of breach of trust where their client is a fraudster, however …

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Cybercrime And Conveyancing: Safe as houses?

First money laundering, then mortgage fraud, and now conveyancer hacking. Alasdair Urwin and Sandip Singh explain the latest fraud risks of which lenders, borrowers and conveyancers should be aware ‘In what are being described as some of the most worrying scams seen by the SRA, fraudsters are hacking into law firm e-mail accounts and intercepting …

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