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

 


Robert Whale suspended for twelve months from legal practice

Robert Barry Whale suspended for twelve months from legal practice

The New Zealand Lawyers and Conveyancers Disciplinary Tribunal has suspended Robert Barry Whale from practice as a barrister and solicitor for a period of twelve months commencing from 20 March 2014.

Mr Whale was admitted as a barrister and solicitor in 1970 but does not currently hold a practising certificate, having not renewed his certificate as at June 2013.

The tribunal has also ordered Mr Whale to pay the costs of the New Zealand Law Society, which had charged him with having been convicted of an offence punishable by imprisonment with the conviction tending to bring his profession into disrepute.

Mr Whale admitted the charge.

The criminal convictions were Securities Act offences committed when he was a director of Dominion Holdings Finance Ltd and its subsidiaries Dominion Finance Group Ltd and North South Finance Ltd.

As a director of an issuer of securities Mr Whale was convicted of four offences for signing registered prospectuses that were distributed and which included untrue statements. As a director of an issuer of securities he was also convicted of three offences for distributing an advertisement that included untrue statements.

New Zealand Law Society President Chris Moore said the High Court found that Mr Whale’s conduct amounted to “gross negligence” and he had admitted that he had not read the prospectuses before signing them.

“Our securities laws are there to protect the public and to keep investors fully informed. The public is entitled to expect that members of the legal profession will perform to a high standard and ensure that protection is maintained,” he said.

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

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:

Tech Sector Report: Joyce Warns Asian Tech Investors View NZ As Hobbits And Food

Speaking in Wellington at the launch of a report showcasing the value of the technology sector to the New Zealand economy, Joyce said more had to be done to tell the country's technology stories overseas. More>>

ALSO:

Mediaglommeration: APN Gets OIO Approval For Demerger Plan

APN News & Media has received Overseas Investment Office approval for its plan to split out its NZME unit ahead of a potential merger with rival Fairfax Media's New Zealand operations. More>>

New Paper: Ninety-Day Trial Period Has No Impact On Firms' Hiring

The introduction of a 90-day trial period has had no impact on hiring by New Zealand companies although they are now in widespread use, according to researchers at Motu Economic and Public Policy Research. More>>

ALSO:

Corrections: Serco Exits Equity Stake, Remains As Operator

Serco has sold its equity stake in the company that holds the contract to design, build and run Wiri Prison in South Auckland but continues as sub-contractor to operate the facility. More>>

GDP: NZ Economy Grows Faster-Than-Forecast 0.7%

New Zealand's economy grew at a faster pace than expected in the first quarter of 2016 as construction expanded at the quickest rate in two years. The kiwi dollar jumped after the data was released. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news