BLM professional indemnity partner, Martin Jensen reports on the case of Agouman v Leigh Day in an article published this week in Solicitors Journal.
Martin reports that this “decision is a salutary lesson for firms involved in politically unstable jurisdictions, particularly in group litigation, of the importance of thorough political risk analysis to ensure the safety of client funds. While the territory might appear familiar, there can be a risk of complacency and the case highlights the importance of always obtaining local, expert advice.
"Solicitors and their insurers will want to ensure where at all possible that client funds are only held outside jurisdictions where a risk has been identified. In such jurisdictions, knowing the rules is one thing: understanding how the rules of the game can be broken could be every bit as important."
Click here to read the full article.