Singapore lawyers urged not to enter into business deals with clients

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[SINGAPORE] The Court of Three Judges, the highest disciplinary body in the legal profession, on Friday urged lawyers to steer clear of entering into business transactions with their clients as this will often lead to a conflict of interest. Read more at The Business Times.

"A solicitor who invites a prospective client to consummate a solicitor-client relationship with him in order to then deal with that client as a principal in a separate business transaction is courting professional disaster."

In 2017, Mr Tan, who was then practising at Keystone Law Corporation, met Kuek Yak Yeon and promoted various investment products to him. Mr Kuek filed a complaint to the Law Society after he asked Keystone for an update on the money and was told by the law firm that it had not received any funds from him or done any legal work for him.This contention was rejected by a disciplinary tribunal, which referred him to the court to mete out punishment.

 

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