Profesionnal Conduct Flashcards
1
Q
Where a transaction involves a third-party gurantee, what procedure must a solicitor follow before acting on the matter?
A
follow the Etridge guidelines relating to undue influence, and comply with duty to avoid conflicts of interest.
* exception where gurantee is given by parent company, and parties are sophisticated.
2
Q
What is a key way a solicitor can avoid potential conflicts of interest arising in the future between clients?
A
restricting the scope of the client’s retainer.
