LCRO 145/2015 and 148/2015 YK v GS and GS v YK [pdf, 407 KB]
...significance. The Committee correctly noted that the arrangement put in place by Mr YK made it difficult to provide a clear accounting of the funds. The payment arrangements for the retainer were unusual. The reasons as to why it is necessary, for the protection of clients, for funds received on account of fees to be paid into an audited trust account, are so well understood that I need traverse them no further here. [76] Mr YK’s indication that he has now put in place arrange...