oa De Rebus - In contravention of legislation ... ? : practice management - legal practice



Section 78(2A) of the Attorneys Act 53 of 1979 and s 86(4) of the Legal Practice Act 28 of 2014 (LPA) allow attorneys to invest client monies in a separate trust savings account or other interest-bearing account where there is an underlying transaction with an explicit mandate from the client to do so. For purposes of this article, we will refer to such investments as investments in terms of the Act.


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