The Legal Practitioners’ Liability Committee (LPLC) has advised that any conveyancing company that is wholly owned by legal practitioners or one or more principals of an incorporated legal practice will need to:
- obtain a licence under the Conveyancers Act 2006 (Act); and
- appoint a non lawyer director who is a licensee under the Act.
The LPLC has further advised that any such company will need to obtain insurance in accordance with the Act rather than from the LPLC. Further information is available from the Business Licensing Authority website.
Source Friday Facts - LIV
No comments:
Post a Comment