Terms of use

Michael Reason & Partners LLP Partnership No. OC319966 is a firm of solicitors based in London and is regulated by the Solicitors Regulation Authority of England and Wales. Our organisation's law firm number is 442405.

Disclaimer

This website contains general information only and although every attempt has been made to ensure the accuracy of that information it should not be used as a substitute for obtaining legal advice. Users should seek appropriate legal advice before taking or refraining from taking any action as a result of any of the contents of this website. If you need legal advice, please do not hesitate to contact us at info@michael-reason.com.

In particular, we make no warranties, representations or undertakings in relation to any of the content of this website (including the accuracy, quality or fitness for any purpose of the content). By using this website you agree to comply with these terms and conditions. If you do not agree to comply with these terms and conditions please discontinue your use of this website. We will not be responsible for any loss or damages whatsoever arising from your use of this website. Your sole recourse is to discontinue use of the website. Further, we are not responsible for nor do we endorse or approve the contents of any websites referred to in or accessed through this website, including but not limited to their privacy policy, terms and conditions or contents. If you would like to create a hypertext link to this website please contact us before doing so at info@michael-reason.com.

Copyright and trademarks

The contents of this website including the website design and all other materials on this website are copyright Michael Reason & Partners LLP.

Michael Reason & Partners LLP permits you to copy, download, reproduce and/or electronically save part or parts of the contents of this website on the basis that it is to be used solely for personal use. Any other use of the contents of this website is strictly prohibited. All trademarks on this website are trademarks of the respective proprietors.

Governing law and jurisdiction

Your use of this website will be governed by and construed in accordance with the laws of England and Wales and any dispute will be referred to the English courts.

Financial Services and the Law Society

The firm is not authorised under the Financial Services & Markets Act 2000 but we are able in certain circumstances to offer a limited range of investment services to clients because we are members of the Law Society. We can provide these investment services if they are an incidental part of the professional services we have been engaged to provide.

All solicitors are subject to rules and principles of professional conduct. The following link will provide you with information on the code of professional conduct of The Law Society: www.guide-on-line.lawsociety.org.uk/.

Responsibility for the Work 

The limited partner of this firm with ultimate responsibility for this matter is either Laurence Dooley or Michael Reason. We aim to offer all our clients an efficient and effective service. Should there be any aspect of our service with which you are unhappy, please raise the matter with the fee earner responsible initially and (if you are unable to agree) thereafter with Michael Reason.

Fees

Our charges will be calculated mainly by reference to the time spent by me, other solicitors and every executive staff member dealing with this matter. These charges include advising, attending on you and others, dealing with papers, correspondence, telephone calls, travelling and waiting time. 

The charge rate for particular matter are set out in a retainer letter. This charge rate will be reviewed from time to time, therefore, it may rise when the next review takes place.

It is normal practice to ask clients to make payments on account of anticipated costs and disbursements. In general the terms of our retainer will reserve the right not to proceed in the event that the sum required on account is not forthcoming.

Anti-Money Laundering and Compliance with Money Laundering Regulations 1993 / Proceeds of Crime Act 2002

You will appreciate that it is necessary for us to comply with the provisions of the Money Laundering Regulations 1993 amended by the Proceeds of Crime Act 2002 and in relation to these regulations we would wish to bring to your attention the following:-

a) Generally speaking we will not accept any cash payment in relation to a transaction but in exceptional circumstances the maximum amount that we are able to accept would be in the sum of not more than £1,000.
b) It is not permissible for us to accept payment from you by way of money being deposited directly or indirectly into our firm’s Client Account without our first authorising you so to do.
c) We would normally expect a new client to identify themselves to us by supplying to us their original passport and allowing us to copy the ID page of it for our records. In the case of a large financial transaction we may be obliged to obtain professional and banker’s references to verify the nature of a new client’s business and source of their funds.
d) In view of the obligations placed upon us under the Proceeds of Crime Act 2002 we are required to report any irregular transaction to the National Criminal Intelligence Service and therefore your co-operation in dealing with the procedure set out herein would be greatly appreciated.
Terms of Business

Costs of Third Parties

As part of the work undertaken for you we may need to instruct third parties for provision of ancillary services, including but not limited, to overseas Company Secretarial and Management Services, Accounting and/or Trustee and Nominee Company Services. All the costs and/or fees incurred in instructing any such third parties will be detailed as disbursements in our bill of costs.

This firm has an interest in “ILS (Isle of Man) Limited”, a corporate management firm registered in the Isle of Man and in “trustee.net.nz limited”, a trustee services company registered in New Zealand. If the need arises in the course of work undertaken for you, this firm may instruct either of these two firms for provision of corporate management and/or trustee services. We must point out that neither of these “associated companies” is subject to the same Law Society ethical duties or complaints procedures. We are obliged to ask clients and their representatives employing the services of third parties to confirm that they understand this point and to sign a letter and return it evidencing that this point is fully appreciated. 

Privacy Policy

Please refer to the Privacy Policy document attached.