LCRO 42/2018 MF v Standards Committee (10 October 2018) [pdf, 262 KB]
...requiring the lawyer to hold the funds in a trust account as a stakeholder must adhere strictly to those terms and disburse the funds only in accordance with them. [42] In W v Auckland Standards Committee 3 of the New Zealand Law Society the Court of Appeal said:7 [47] As Mr [WJ] rightly accepted, the law has always regarded it as important that practitioners honour their undertakings. This is reflected in r 6.07 of the Code of Professional Conduct then in force. Practitioners and t...