Bermuda by for bankrupt lawyers
Published:Monday | December 22, 2008 | 8:36 AM
A law to allow bankrupt lawyers to practise in Bermuda has been passed in the Senate without amendment.
Last week, a motion to defer The Bermuda Bar Amendment Act 2008 for more consultation was defeated by the casting vote of Deputy Speaker of the House of Assembly Dame Jennifer Smith.
The law will allow bankrupt lawyers to continue to work, but with conditions including being restricted from practising real estate law and operating trust accounts.
The lawyer would also be restricted from receiving advance fees such as retainers.
Bankrupt lawyers have been banned from practising in Bermuda since 1984.