Taylor v Schofield Peterson - [1999] 3 NZLR 434

Law practitioners — Conflict of interest — Acting for lender and borrower — Breach of fiduciary duty — Failure to advise over alternative forms of security for an advance — Parties only given opportunity for independent advice — Contributory conduct by client.

Equity — Fiduciary relationship — Requirement to explain any conflict of interest to clients — Ramifications of conflict — Clients appreciate conflict — Obtain informed consent of clients to act — Opportunity for independent legal advice not sufficient.