Disciplinary Record
Teacher Stern LLP
Referral to Solicitors Disciplinary Tribunal
Decision - Prosecution Outcome: Referral to Solicitors Disciplinary Tribunal ...
Decision - Prosecution
Outcome: Referral to Solicitors Disciplinary Tribunal
Outcome date: 18 December 2023
Published date: 15 October 2024
Firm details
Firm or organisation at date of publication and at time of matters giving rise to outcome
Name: Teacher Stern LLP
Address(es): 37-41 Bedford Row, London WC1R 4JH
Firm ID: 482952
Outcome details
This outcome was reached by SRA decision.
Reasons/basis
This notification relates to a Decision to prosecute before the Solicitors Disciplinary Tribunal. This is an independent Tribunal which will reach its own decision after considering all the evidence, including any evidence put forward by the Respondent(s). The Tribunal has certified that there is a case to answer in respect of allegations which are or include :-
Between 23 December 2013 and 16 May 2014, the Firm permitted its Sterling client account to be used to make 28 payments to 15 different beneficiaries which did not relate to the sale transaction in which the firm had initially been instructed to act and in relation to which there was no underlying legal transaction.
Between 29 May 2014 and 26 August 2016, the Firm permitted its Euro client account to be used to make transfers to 17 beneficiaries which did not relate to the transaction in which the firm had initially been instructed to act and in relation to which there was no underlying legal transaction.
The allegations are subject to a Hearing before the Solicitors Disciplinary Tribunal and are as yet unproven.
Solicitors Regulation Authority (SRA) records last published to this site at 6:40am on 07 February 2025. Originally published on the Solicitors Regulation Authority (SRA) website.