How to Save Stamp Duty on Shares
Tax is payable on the purchase of shares in the UK – known as Stamp Duty on paper transactions, and Stamp Duty Reserve Tax (SDRT) on...
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Professional negligence claims have been on the rise in recent years. This is due to the increased complexity in the type and nature of the work carried out by professionals which in turn has led to increased reliance by clients on the professionals they hire and a greater willingness to seek redress when something goes wrong.
Pursuing a professional negligence claim in court isn’t the only effective method of resolution however.
Mediation can be and often is the most effective method of resolution for cases involving negligent professional advice.
Through mediation, Patrick can help participants achieve a satisfactory conclusion. This voluntary process determines how the alleged negligence can be compensated for and any losses recovered.
As a leading tax barrister, Patrick has experience resolving tax and financial disputes. He has particular experience in resolving disputes involving incorrect tax advice.
Other areas in which mediation can resolve disputes about professional advice include the following:
Get in touch today to discuss the details of your dispute.
Patrick Cannon is an accredited mediator and can assist the participants to resolve professional negligence disputes.
Throughout the process, Patrick remains strictly neutral. This means he does not offer legal advice or personal opinions. He can advise on the process however.
Mediation can be an effective method of resolving an issue without involving court. However, mediation can take place at any point during a professional negligence case and often occurs just before a court hearing when the participants are concerned about a “winner takes all” outcome before a judge and wish to retain some control over the outcome.
Mediation usually takes place in Central London at Tax Chambers. However Patrick is willing to travel to other locations throughout the UK and abroad when necessary.
Cases involving professional negligence often lead to the issue of court proceedings due to the intransigence of one or both parties. However mediation as an alternative method of dispute resolution in such cases is often used and is becoming increasingly popular.
The mediation process comes with many benefits. Sessions are generally productive, positive and sometimes cathartic.
This process allows claimants to voice their concerns and explain the impact of the professional fail. This often results in a written or verbal apology.
Not to mention, the length and cost of mediation is usually much less than that of litigation. This means the process is less stressful for all parties involved and may avoid an adverse costs order against one of the participants.
Mediation can start at any point during a dispute. This includes cases in which court proceedings have already begun, or are about to.
One of the main benefits of mediation is the flexibility and voluntary nature of the process. The parties involved determine when mediation takes place and what they want to achieve.