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

 

Sky City : Auckland Convention Centre Cost Jumps By A Fifth

SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 million to build an international convention centre in downtown Auckland, with further gambling concessions ruled out. The Auckland-based company has increased its estimate to build the centre to between $470 million and $530 million as the construction boom across the country drives up building costs and design changes add to the bill.
More>>

ALSO:

RMTU: Mediation Between Lyttelton Port And Union Fails

The Rail and Maritime Union (RMTU) has opted to continue its overtime ban indefinitely after mediation with the Lyttelton Port of Christchurch (LPC) failed to progress collective bargaining. More>>

Earlier:

Science Policy: Callaghan, NSC Funding Knocked In Submissions

Callaghan Innovation, which was last year allocated a budget of $566 million over four years to dish out research and development grants, and the National Science Challenges attracted criticism in submissions on the government’s draft national statement of science investment, with science funding largely seen as too fragmented. More>>

ALSO:

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

More:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news