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

 

Gerald McKay struck off

Gerald McKay struck off


The New Zealand Lawyers and Conveyancers Disciplinary Tribunal has ordered that Gerald George McKay be struck from the Roll of Barristers and Solicitors.

The Tribunal found Mr McKay guilty of one charge of professional misconduct by acting for a number of parties in a series of transactions where there were strongly conflicting interests.

The Tribunal found that Mr McKay had breached a number of rules of professional conduct to the extent that his conduct amounted to an abuse of his position as a lawyer and a serious breach of his fiduciary duties to his client.

Mr McKay failed to provide independent advice to his client, who subsequently lost her home to a purchaser for whom Mr McKay was acting.

New Zealand Law Society President Chris Moore says the consequences to the client – due to Mr McKay’s failures – meant her home was purchased by another client at gross undervalue and constituted a total abandonment of professionalism.

“This particular lawyer strayed so far from the path of professionalism that he can justifiably be said to have ceased to function meaningfully as a lawyer at all. It is rightly expected that lawyers act for their clients without conflict of interest or any form of bias,” he says.

“The vast majority of New Zealand lawyers act independently and in the best interests of their clients by providing exceptional service which is totally focused on their clients’ interests.”

Mr McKay was ordered to contribute $70,000 to the Standards Committee costs and reimburse the Law Society $14,812 for hearing costs.

Mr McKay is appealing the misconduct decision finding that was made against him.

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Stats: Auckland’s Population Falls For The First Time
In the wake of the COVID-19 pandemic, New Zealand’s population growth slowed down with Auckland recording a population decline for the first time ever, Stats NZ said today. “New Zealand saw slowing population growth in all regions... More>>



BusinessNZ: Third Snapshot Report Reveals $9.5 Billion Business Investment In Climate Action

Signatories to the Climate Leaders Coalition have committed to invest $9.5 billion over the next five years to reduce emissions from their businesses, as revealed in their third anniversary snapshot report released today... More>>

Digitl: The home printer market is broken
Printers are more of a security blanket that a serious aid to productivity. Yet for many people they are not optional.
Even if you don’t feel the urge to squirt ink onto dead trees in order to express yourself, others will insist on printed documents... More>>


Retail NZ: Some Good News In COVID Announcements, But Firm Dates Needed

Retail NZ is welcoming news that the Government is increasing financial support for businesses in light of the ongoing COVID-19 lockdown, and that retail will be able to open at all stages of the new “Covid Protection Framework... More>>

ComCom: Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys

A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 after pleading guilty in the Manukau District Court... More>>



Reserve Bank: Robust Balance Sheets Yield Faster Economic Recovery

Stronger balance sheets for households, businesses, financial institutions and the government going into the pandemic contributed towards maintaining a sound financial system and yielding a faster economic recovery than following previous deep recessions... More>>