Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Richard Holland struck off roll of barristers and solicitors

Richard Holland struck off roll of barristers and solicitors

The New Zealand Lawyers and Conveyancers Disciplinary Tribunal has ordered that Auckland lawyer Richard Holland be struck from the roll of barristers and solicitors.

Mr Holland admitted six charges of misconduct before the tribunal. The tribunal also made orders relating to compensation and costs.

Three of the charges related to when he acted for a client in the sale of her property and received $200,000 as a share of the settlement proceeds. He deducted $39,405 in legal fees and misappropriated and/or failed to account to his client for the balance of $160,595.

Mr Holland then encouraged his client to sign a sham loan agreement purporting to document the money he had misappropriated as a loan from his client to himself.

Acting in another sale of property, he received $252,120 into his trust account and only paid his client $165,176. He admitted misappropriating or failing to account for $86,944. Mr Holland also admitted misappropriating $4,600 when he acted for another client.

Another misconduct charge followed a New Zealand Law Society inspection of his trust account. This found that he had failed to keep proper trust account records as required by the trust account regulations.

New Zealand Law Society President Chris Moore said lawyers acting in property matters were required to be scrupulous in their accounting.

“Because large sums of money are involved there are very strict rules and any failure to account is viewed extremely seriously,” he said.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Tax: GST Threshold For Online Purchases Won't Lower Before 2018

The government wants to lower the threshold on online purchases which qualify for GST from mid-2018, but says more work is needed and there will be no change without public consultation. More>>

ALSO:

North Canterbury: Government Extends Drought Classification

The government has extended a drought classification for the eastern South Island until the end of the year, meaning the area will have officially been in drought for almost two years, the longest period for such a category. More>>

ALSO:

Negotiations Fail: Christchurch Convention Centre Build To Proceed Without PCNZ

After protracted negotiations, the government has ditched the construction consortium it picked to build Christchurch's replacement convention centre, which it now anticipates delivering at least two years behind the original schedule. More>>

ALSO:

Other Centres' Convention Centres:

Ruataniwha: Greenpeace Launches Legal Challenge Against $1b Dam Plan

Greenpeace NZ is launching a legal challenge against a controversial plan to build a dam that’s set to cost close to $1 billion and will pollute a region’s rivers. More>>

ALSO:

Inequality: Top 10% Of Housholds Have Half Of Total Net Worth

The average New Zealand household was worth $289,000 in the year to June 2015, Statistics New Zealand said today. However wealth was not evenly distributed, with the top 10 percent accounting for around half of total wealth. In contrast, the bottom 40 percent held 3 percent of total wealth. More>>

ALSO:

What Winter? Temperature Records Set For June 20-22

The days around the winter soltice produced a number of notably warm tempertaures. More>>

Conservation Deal: New Kākāpō Recovery Partnership Welcomed

Conservation Minister Maggie Barry says the new kakapo recovery partnership between DOC and Meridian Energy is great news for efforts to save one of New Zealand’s most beloved birds. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news