Our terms of engagement contain the information we are required to provide to clients under the Rules of Conduct and Client Care for Lawyers issued by the New Zealand Law Society and set out the terms on which we carry out work for our clients.
In relation to settlements and payments:
- these are our settlement requirements which are in accordance with Appendix One of the Property Law Section Guidelines (July 2012)
- before we can make an electronic payment into your bank account, we need to be provided with evidence of your account name and number – see payments to you
- when making payments to us, we need you to comply with certain requirements – see payments to us
There are a number of significant recent developments that are changing the way law firms work and the information that we are required to gather about financial transactions and taxation status, namely: the Common Reporting Standards for citizens and tax residents of OECD countries and Foreign Account Tax Compliance Act for US citizens/tax residents. When you instruct us, we generally need you to complete a consent form (company, individual/joint, trust) so that we may release your information to our bank. For further information please click here.