1989 Ed.]
Solicitors (Professional Indemnity) Rules
[CAP. 159
M9
[Subsidiary]
not provided with Indemnity without reasonable excuse fails to make payment of such amount on demand for payment of the same being made by the Society then such failure shall be an event of professional misconduct on the part of such principal.
(2) A demand for payment of the amount referred to in subrule (1) shall only be made by the Society after the Company or their agent has given written notice to such principal that payment of such sum is required by the Company for payment into Court, or settlement, or satisfaction of judgment on any claim and payment is not made within 14 days of such notice being given by the Company or their agent to such principal.
16. Payment of amounts not covered by scheme
(1) When an amount for which Indemnity is not provided is required by the Company or their agent for payment into court or settlement or satisfaction of judgment on any claim, the Company or their agent shall give notice in writing to the indemnified requiring payment of such amount and each principal in the firm shall thereupon become severally liable to pay the same to the Company.
(2) If such amount is not paid to the Company within 14 days after service of such notice, the Company may pay the same on behalf of the indemnified and each principal in the firm shall thereupon become further liable to the Company for interest on such amount from the date of payment of the same by the Company at the same rate as allowed for a judgment debt from time to time under section 49 of the Supreme Court Ordinance (Cap.4).
17. Panel of firms of solicitors
A panel of firms of solicitors to conduct the defence of claims will be appointed by the Council, from which panel any panel solicitor is to be appointed.
18. Details reported to the Council
Notwithstanding his duty of confidentiality owed to any solicitor referred to in rule 6, the panel solicitor may report to the Council full details of any claim made against the Practice of which the solicitor is or was a principal or employee in respect of any act or omission covered by the Professional Indemnity Scheme and may report to the Council the failure or refusal of the solicitor to co-operate with the panel solicitor concerning the claim.
19. The Council
The powers conferred by these rules on the Society shall be exercisable by the Council as it may from time to time resolve.
1989 Ed.]
Solicitors (Professional Indemnity) Rules
[CAP. 159
M9
[Subsidiary]
not provided with Indemnity without reasonable excuse fails to make payment of such amount on demand for payment of the same being made by the Society then such failure shall be an event of professional misconduct on the part of such principal.
(2) A demand for payment of the amount referred to in subrule (1) shall only be made by the Society after the Company or their agent has given written notice to such principal that payment of such sum is required by the Company for payment into Court, or settlement, or satisfaction of judgment on any claim and payment is not made within 14 days of such notice being given by the Company or their agent to such principal.
16. Payment of amounts not covered by scheme
(1) When an amount for which Indemnity is not provided is required by the Company or their agent for payment into court or settlement or satisfaction of judgment on any claim, the Company or their agent shall give notice in writing to the indemnified requiring payment of such amount and each principal in the firm shall thereupon become severally liable to pay the same to the Company.
(2) If such amount is not paid to the Company within 14 days after service of such notice, the Company may pay the same on behalf of the indemnified and each principal in the firm shall thereupon become further liable to the Company for interest on such amount from the date of payment of the same by the Company at the same rate as allowed for a judgment debt from time to time under section 49 of the Supreme Court Ordinance (Cap. 4).
17. Panel of firms of solicitors
A panel of firms of solicitors to conduct the defence of claims will be appointed by the Council, from which panel any panel solicitor is to be appointed.
18. Details reported to the Council
Notwithstanding his duty of confidentiality owed to any solicitor referred to in rule 6, the panel solicitor may report to the Council full details of any claim made against the Practice of which the solicitor is or was a principal or employee in respect of any act or omission covered by the Professional Indemnity Scheme and may report to the Council the failure or refusal of the solicitor to co-operate with the panel solicitor concerning the claim.
19. The Council
The powers conferred by these rules on the Society shall be exercisable by the Council as it may from time to time resolve.
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