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

 

South Island Flooding: Focus Moves To Recovery

As water recedes throughout flood-impacted areas of the South Island, Minister of Civil Defence Nathan Guy has praised the efforts of those who were involved in the response to the flooding... More>>

ALSO:

Superu Report: Land Regulation Drives Auckland House Prices

Land use regulation is responsible for up to 56 per cent of the cost of an average house in Auckland according to a new research report quantifying the impact of land use regulations, Finance Minister Steven Joyce says. More>>

ALSO:

Fund For PPP Plans: Govt Embraces Targeted Rates To Spur Urban Infrastructure

The government's latest response to the Auckland housing shortage will see central government and private sector firms invest in 'special purpose vehicles' to fund essential roading, water and drains that Auckland Council can't fund without threatening its credit rating. More>>

ALSO:

Fletcher Whittled: Fletcher Dumps Adamson In Face Of Dissatisfaction

Fletcher Building has taken the unusual step of dumping its chief executive, Mark Adamson, as the company slashed its full-year earnings guidance and flagged an impairment against Australian assets. More>>

ALSO: