Where practice gives rise to a claim for compensation from the fund the Law Society may apply to be deemed trustee of funds from the sale.\u00a0 This facilitates the sale as a going concern thereby preserving its goodwill.<\/p>\n
The Law Society may make an application for the sale of the practice where it believes the practice may be the subject of claims from the fund.\u00a0 The court may make an order for sale and such consequential orders as are necessary.<\/p>\n
The Law Society may advertise for claims affecting the practice in a newspaper if necessary.\u00a0 The High Court generally make directions in relation to the disposition of proceeds.\u00a0 A person may claim entitlement, including the owner of the practice.<\/p>\n
The funds may be retained for a period.\u00a0 Advertisements may be issued setting out the persons who have claimed should furnish them in a certain time.\u00a0 As for the period of expiry of notifying claims, Law Society may apply where this direction in relation to the disposal of the practice proceeds.\u00a0 It must furnish details of claims.<\/p>\n\n
\n <\/div>\n\n","protected":false},"excerpt":{"rendered":"
Mandatory Insurance A solicitor must maintain professional indemnity insurance.\u00a0 The insurance must comply with certain minimum terms and conditions.\u00a0 There is a statutory minimum level of insurance cover per claim. A solicitor may obtain additional top-up insurance from another insurer (or the same insurer). The approved terms of insurance are set down by regulations made […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[308],"tags":[],"_links":{"self":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/2137"}],"collection":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/comments?post=2137"}],"version-history":[{"count":4,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/2137\/revisions"}],"predecessor-version":[{"id":2195,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/2137\/revisions\/2195"}],"wp:attachment":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/media?parent=2137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/categories?post=2137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/tags?post=2137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}