Conflicts of interest: SRA v Mawbey-Shaw and Law Offices UK Ltd
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Conflicts of interest: SRA v Mawbey-Shaw and Law Offices UK Ltd
Judgment on an agreed outcome: Allegation 3 against the respondent solicitor was that he acted for buyer and sellers in multiple conveyancing transactions. The buyer was a company in the business of purchasing private property via quick sales at discount prices. According to the First Respondent, the properties in question were usually “blighted” in some way (e.g. defective title; adverse surveyor’s report), or a quick sale was needed or desired (e.g. because it was a probate property). The discount was typically in the region of 30% on the market value. (The first part of the agreed outcome concerns an unrelated allegation relating to investment schemes.)
See here.
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