25 Jul '11, 6am

Starting next week, #Singapore lawyers no longer allowed 2 hold clients' $$ in their normal client accounts! #Malaysia

AS new rules come into force to protect clients' money from rogue property lawyers, the Law Society is setting up a panel of adjudicators to handle any disputes that arise. From next week, lawyers will no longer be allowed to receive and hold conveyancing money from property deals in their normal client accounts. Instead, they will have to open accounts with banks appointed by the Law Minister or place the funds with the Singapore Academy of Law's new Conveyancing Money Service. The changes were triggered by several cases of lawyers fleeing with their clients' money. The most infamous was David Rasif, who disappeared in 2006 with about $11 million meant for a property deal. Lawyers say the new rules will ensure consumer confidence, but what is not known is how much banks which hold the conveyancing funds will charge for this service. The Law Society said several avenues ar...

Full article: http://www.singaporelawwatch.sg/remweb/legal/ln2/rss/lega...

Tweets

Datuk Dr Ambiga's acceptance speech, Honorary D...

malaysianbar.org.my 25 Jul '11, 7am

My team and I faced first-hand the full force of the unleashed power of the state, and I realised then the importance of t...

[News] The lines are starting to blur: Earlier ...

todayonline.com 24 Jul '11, 9pm

Earlier this month, there were two contrasting stories about how Singaporeans and ministries and government agencies were ...

#Bahrain King Sets Up Panel to Investigate; Act...

care2.com 25 Jul '11, 12am

Bahrain’s king Hamad bin Isa al-Khalifa has set up a legal panel to investigate the crackdown on protests in which more th...

Amy Winehouse funeral on hold with investigations pending

Amy Winehouse funeral on hold with investigatio...

channelnewsasia.com 25 Jul '11, 7am

LONDON: Family and fans of British singer Amy Winehouse remain in mourning as they wait for confirmation of the sudden dea...

#Bahrain King Sets Up Panel to Investigate; Act...

care2.com 25 Jul '11, 11pm

Bahrain’s King Hamad bin Isa al-Khalifa has set up a legal panel to investigate the crackdown on protests in which more th...