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City Law Financial LLP - 509651

Decisions

To view the decision against this firm, click the decision below.

Decision - Closure

Outcome: Intervention (Help for clients)

Outcome date: 17 October 2012

Published date: 22 October 2012

Firm details

Firm name: City Law Financial LLP

Trading as: City Law Financial LLP

Firm address: 1 Kings Arm Yard, London, EC2R 7AF

SRA ID: 509651

Decision details

This outcome was reached by SRA decision.

Reasons/basis

The Committee is satisfied that grounds for intervention exist under Paragraph 32(1)(a) of Schedule 2 of the Administration of Justice Act 1985 because a recognised body or a manager of such a body has failed to comply with rules applicable to the body or manager by virtue of section 9 of this Act.

The Committee is also satisfied that grounds for intervention exist under Paragraph 32(1)(e) of Schedule 2 of the Administration of Justice Act 1985 because it is satisfied that grounds of intervention in the incorporated practice have arisen in connection with the recognised body of City Law Financial LLP to protect the interests of clients (or former or potential clients) of the recognised body, or the interests of the beneficiaries of any trust which the recognised body is or was a trustee or the interests of the beneficiaries of any trust of which a person who is or was a manager or employee of the recognised body is or was a trustee in that person’s capacity as such a manager or employee.  

Intervening agents

James Dunn of Devonshires, 30 Finsbury Circus, London, ECD2M 7DT has been appointed as the intervening agent. For enquiries please call 020 7628 7576 or email James.Dunn@devonshires.co.uk.

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