CAP. 159]
Legal Practitioners.
[s. 51 cont.] payable thereunder to be reduced, and may give such consequential directions as it thinks fit.
Remuneration of a solicitor who is a mortgagee.
22 and 23 Geo. 5 c. 37, s. 58.
Power to make agreements - contentious business. 22 and 23 Geo. 5 c. 37, s. 59.
52. (1) If a mortgage is made to a solicitor, either alone or jointly with any other person he, or the firm of which he is a member, shall be entitled to recover from the mortgagor in respect of all business transacted and acts done by him or them in negotiating the loan, deducing and investigating the title to the property, and preparing and completing the mortgage, such usual costs as he or they would have been entitled to receive if the mortgage had been made to a person who was not a solicitor and that person had retained and employed him or them to transact the said business and do the said acts.
(2) If, whether before or after the commencement of this Ordinance, a mortgage has been made to, or has become vested by transfer or transmission in, a solicitor, either alone or jointly with any other person, and if after the commencement of this Ordinance any business is transacted or acts done by that solicitor, or by the firm of which he is a member, in relation to that mortgage, or the security thereby created or the property comprised thereunder then he or they shall be entitled to recover from the person on whose behalf the business was transacted or the acts were done, and to charge against the security, such usual costs as he or they would have been entitled to receive if the mortgage had been made to and had remained vested in a person who was not a solicitor and that person had retained and employed him or them to transact the said business and do the said acts.
(3) In this section "mortgage" includes any charge on any property for securing money or money's worth.
Contentious Business.
53. A solicitor may make an agreement in writing with his client as to his remuneration in respect of any contentious business done, or to be done, by him providing that he shall be remunerated either by a gross sum or by salary or otherwise, and at either a greater or a less rate than that at which he would otherwise have been entitled to be remunerated.
240
CAP. 159]
Legal Practitioners.
[s. 51 cont.] payable thereunder to be reduced, and may give such
consequential directions as it thinks fit.
Remuneration
of a solicitor who is a mortgagee.
22 and 23 Geo. 5
c. 37, s. 58.
I'ower to make agreements- contentious business. 22 and 23 Geo. 5
c. 37, s. 59.
52. (1) If a mortgage is made to a solicitor, either alone or jointly with any other person he, or the firm of which he is a member, shall be entitled to recover from the mortgagor in respect of all business transacted and acts done by him or them in negotiating the loan, deducing and investigating the title to the property, and preparing and completing the mortgage, such usual costs as he or they would have been entitled to receive if the mortgage had been made to a person who was not a solicitor and that person had retained and employed him or them to transact the said business and do the said acts.
(2) If, whether before or after the commencement of this Ordinance, a mortgage has been made to, or has become vested by transfer or transmission in, a solicitor, either alone or jointly with any other person, and if after the commence- ment of this Ordinance any business is transacted or acts done by that solicitor, or by the firm of which he is a member, in relation to that mortgage, or the security thereby created or the property comprised thereunder then he or they shall be entitled to recover from the person on whose behalf the business was transacted or the acts were done, and to charge against the security, such usual costs as he or they would have been entitled to receive if the mortgage had been made to and had remained vested in a person who was not a solicitor and that person had retained and employed him or them to transact the said business and do the said acts.
(3) In this section "mortgage" includes any charge on any property for securing money or money's worth.
Contentious Business.
53. A solicitor may make an agreement in writing with his client as to his remuneration in respect of any contentious business done, or to be done, by him providing that he shall be remunerated either by a gross sum or by salary or otherwise, and at either a greater or a less rate than that at which he would otherwise have been entitled to be remunerated.
240
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