Risks in Property Transactions
Suspect that a transaction is fishy? Master how to identify red flags and risks when faced with a disclosure requirement, potential ethical dilemma or situation that may put your firm at risk. Law firms ultimately benefit from this program by mitigating the potential for oversights and mistakes by closing rank on their due diligence processes. Legal executives, junior lawyers, conveyancers and settlement agents on the frontline will benefit from the practical training.
Description
Attend and earn 3 CPD hours
This seminar was recorded in NZ on 2 November 2018
9.15am to 10.15am: Anti Money Laundering Potential Risk factors: What to Look for and What to Do
- Does AML apply to me and my practice?
- What is a suspicious or reportable transaction and what do I do if I see one
- What are the red flags to look out for?
- Is there insurance for this?
- Claims and breach examples
Presented by Brad Cuff, Special Counsel, DLA Piper
10.20am to 11.20am: Disclosure Requirements and Implications in Property Transactions
- An overview of NZS8510:2017
- Testing and decontamination of meth-contaminated properties
- Sir Peter Gluckman’s May 2018 report
- Implications and considerations on:
- Buying and selling property
- Advising landlords or tenants
Presented by Olivia Grant, Partner and Alysha Hinton, Senior Solicitor, Duncan Cotterill
11.25am to 12.25pm: Practical Skills and Ethics in Property Transactions
- Know who your client is
- Get clear instructions
- Confirming instructions when
- there is doubt
- client is not following advise
- Conflicts and how to avoid them
- The special position of guarantees
Presented by Paul F. Dalkie, Barrister
Learning Objectives
- Gain a working knowledge of risks in property transactions
- Develop skills for recognising the requirement for a disclosure
- Identify potential ethical dilemmas or AML risks in practice
- Detect weaknesses in due diligence processes within a firm or transaction process