Supreme Court of New Zealand Wellington
[2006] NZSC 105
20 October; 8 December 2006
Elias CJ, Blanchard, Tipping, McGrath and Anderson JJ
[2006] NZSC 105
20 October; 8 December 2006
Elias CJ, Blanchard, Tipping, McGrath and Anderson JJ
Partnership — Liability for partner — Firm indemnified partner for claim in negligence — Whether partner making claim against self — Whether partnership liable — Whether “professional services” includes partner acting as trustee — Whether covered by partnership’s insurance.
Law practitioners — Solicitors’ practice — Whether “professional services” includes acting as trustee — Whether liabilities as trustee to be indemnified by firm — Whether personal tax liability caused by trading activities of trust or by negligent advice — Whether covered by standard legal practice insurance policy.