Auckland Standards Committee v Slack [2012] NZLCDT 40 [pdf, 162 KB]
...hindsight the “wording of our letters of undertaking should have been amended from the exact form of wording proposed by the lenders’ solicitors”.5 [29] That amendment may not have been an available solution of course, because evidence filed by the Standards Committee from officers of the lenders makes it clear that the lenders took the undertakings at face value (ie that the deposits were held in Mr Slack’s firm’s trust account prior to draw down) and that if they had...