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

 

Price Of Cheese: Dairy Product Prices Fall To The Lowest This Year

Dairy product prices fell in the latest GlobalDairyTrade auction, hitting the lowest level in the 2015 auctions so far, as prices for milk powder and butter slid amid concern about the outlook for commodities. More>>

ALSO:

Houston, We Have An Air Route: Air New Zealand To Fly Direct To The Heart Of Texas

Air New Zealand will fly its completely refitted Boeing 777-200 aircraft between Auckland and Houston up to five times a week opening up the state of Texas as well as popular nearby tourist states such as Louisiana and Florida. More>>

ALSO:

Scoop Business: Reserve Bank’s Spencer Calls On Govt To Rethink Housing Tax

The Reserve Bank has urged the government to take another look at a capital gains tax on investment in housing, allow increased high-density development and cut red tape for planning consents to address an over-heated Auckland property market. More>>

ALSO:

The Nation: Call For Cross-Party Auckland Housing Plan

Penny Hulse calls for cross-party accord on Auckland housing because “it’s too important to score political points on”. More>>

ALSO:

Flu Season: Overcoming Vaccination Reluctance

While research shows that 40% of New Zealand businesses offer free or subsidised flu vaccinations to employees this time of year, HR professionals say persuading staff to participate is the biggest challenge. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news