The Office of Fair Trading has issued some preliminary data on a report it will be publishing in January looking into the activities of estate agents. The OFT says that just under a quarter (24%) of estate agents are guilty of not "complying with the relevant regulations" – such as claiming properties had gas central heating when they did not, or Photoshopping out eyesores (in one case a nuclear powerstation) from photos. These disputes accounted for 44% of complaints. A further 21% concerned disputes of terms & conditions. And 13% invoved disputes over the contents of Home Information Packs (HIPs). The Conservative Party, meanwhile, says it is still committed to abolishing HIPs when/if it comes to power next spring.
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Thursday, November 12
OFT highlights disputes over HIPs
by
Charles Christian
on Thu 12 Nov 2009 11:00 GMT
LexisNexis parent loses chief exec after 8 months
by
Charles Christian
on Thu 12 Nov 2009 09:43 GMT
Ian Smith, the chief executive of Reed Elsevier (the international media group that also owns the LexisNexis business) yesterday left the company after just eight months. His departure – by 'mutual agreement' – is with immediate effect. The company's share price also fell by 4%, with immediate effect. A company spokesman said it was felt being CEO “wasn’t the right role for him (Smith) in the current economic conditions,” – an explanation The Times today describes as "far from convincing".
Smith, who will be replaced by Elsevier CEO (the Dutch part of the group) Erik Engstrom, took over in March after former chief executive Sir Crispin Davis (generally reckoned to be the only man who knew the plan) retired. Citigroup commented in a note “Under Mr. Smith, Reed Elsevier had half a strategy, now we have none and we expect this to weigh on the shares.”
Your starter for 10
by
Charles Christian
on Thu 12 Nov 2009 09:00 GMT
Here's something to think about – what is the connection from this YouTube clip for the Christmas 1980 No#1 chart hit and legal technology. (Clue: employees of IRIS Legal may not respond). To find out the answer, read next week's Legal Technology Insider newsletter.
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