Disciplinary Record - Stylianos Petrou

Decision - Control of practice

Outcome: Condition

Outcome date: 14 March 2024

Published date: 16 April 2024

Firm details

Firm or organisation at time of matters giving rise to outcome

Name: P and C Law

Address(es): Second Floor, Northside House, Mount Pleasant, Cockfosters, Barnet, London EN4 OBX England

Firm ID: 665945

Outcome details

This outcome was reached by SRA decision.

Decision details

Stylianos Petrou's practising certificate for 2023/2024 is subject to the following conditions:

1. Mr Petrou may not act as a manager or owner of any authorised body, authorised non-SRA firm or legal services body.
2. Mr Petrou may not act as a compliance officer for legal practice (COLP) or compliance officer for finance administration (COFA) for any authorised body, or Head of Legal Practice (HOLP) or Head of Finance and administration (HOFA) in any authorised non-SRA firm.
3. Mr Petrou may not hold or receive client money, or act as a signatory to any client account, or have the power to authorise transfers from any client or office account.
4. Mr Petrou shall immediately inform any actual or prospective employer of these conditions and the reason for their imposition.

In these conditions the terms are as defined in the SRA Glossary.

Reasons/basis

The above conditions are necessary in the public interest. They are reasonable and proportionate having regard to the purposes set out in regulation 7 of the SRA Authorisation of Individuals Regulations, and the regulatory objectives and principles governing regulatory activities as contained in section 28 of the Legal Services Act 2007.

Decision - Control of practice

Outcome: Condition

Outcome date: 14 February 2023

Published date: 30 March 2023

Firm details

Firm or organisation at time of matters giving rise to outcome

Name: Petrou Law Partnership

Address(es): 21 Grand Parade, Green Lanes, London, N4 1LA

Firm ID: 352363

Outcome details

This outcome was reached by SRA decision.

Decision details

Stylianos Petrou’s practising certificate for 2022/2023 is subject to the following conditions:

1. Mr Petrou may not act as a manager or owner of any authorised body, authorised non-SRA firm or legal services body.
2. Mr Petrou may not act as a compliance officer for legal practice (COLP) or compliance officer for finance administration (COFA) for any authorised body, or Head of Legal Practice (HOLP) or Head of Finance and administration (HOFA) in any authorised non-SRA firm.
3. Mr Petrou may not hold or receive client money, or act as a signatory to any client account, or have the power to authorise transfers from any client or office account.
4. Mr Petrou shall immediately inform any actual or prospective employer of these conditions and the reason for their imposition.

In these conditions the terms are as defined in the SRA Glossary.

Reasons/basis

The above conditions are necessary in the public interest and reasonable and proportionate having regard to the purposes set out in Regulation 7 of the SRA Authorisation of Individuals Regulations and the regulatory objectives and principles governing regulatory activities as contained in section 28 of the Legal Services Act 2007.

Decision - Control of practice

Outcome: Condition

Outcome date: 19 April 2022

Published date: 24 May 2022

Firm details

Firm or organisation at time of matters giving rise to outcome

Name: Petrou Law Partnership

Address(es): 21 Grand Parade, Green Lanes, London, N4 1LA

Firm ID: 352363

Outcome details

This outcome was reached by SRA decision.

Decision details

Stylianos Petrou’s practising certificate for 2021/2022 has been granted subject to the following conditions:

1. Mr Petrou is not a manager or owner of any authorised body, authorised non-SRA firm or legal services body.
2. Mr Petrou may not act as a Compliance Officer for Legal Practice (“COLP”) or Compliance Officer for Finance and Administration (“COFA”) for any authorised body, or Head of Legal Practice (“HOLP”) or Head of Finance and Administration (“HOFA”) in any authorised non-SRA firm.
3. Mr Petrou does not hold or receive client money, or act as a signatory to any client account, or have the power to authorise transfers from any client or office account. This condition shall not apply to the holding and transfer of client monies held on the Firm’s client account specified for the purposes of closing the Firm.
4. Mr Petrou will immediately inform any actual or prospective employer of these conditions and the reasons for their imposition.

In these conditions the terms are as defined in the SRA Glossary.

Reasons/basis

The above conditions are necessary in the public interest and reasonable and proportionate having regard to the purposes set out in regulation 7 of the SRA Authorisation of Individuals Regulations and the regulatory objectives and principles governing regulatory activities as contained in section 28 of the Legal Services Act 2007.