SMDF: Madness
The Law Society of Ireland is a significant but Janus-like body. It is the representative body for solicitors in Ireland and is also the regulator of those solicitors. The Law Society is Janus-like in...
View ArticleSMDF: A case of domestic violence?
The SMDF never pretended to be other than what it was, an unregulated discretionary mutual fund. What it did pretend to be, by posture, was the equal of an insurer offering professional indemnity...
View ArticleSMDF: Chutzpah
An unknown number of the Council members of the Law Society are insured with the SMDF. They are, consequently, members of the SMDF. Although unknown, the number must be large because they chose as...
View ArticleSMDF: Constraints
If the solicitors in the SMDF convene an EGM they can, in most conceivable circumstances, act as they decide. If the solicitors in the Law Society pass the proposed SMDF bailout resolution they can act...
View ArticleSMDF: Conflicts of Interest
It is worthwhile looking at the profile of member firms in the SMDF. This is set out in the 2009 Annual report of SMDF, seen HERE. A little more than one third were sole practitioners. The majority...
View ArticleSMDF: Council Duties
On the 13th April 2011 the Council of the Law Society unanimously decided … to convene an EGM of the members of the Law Society and… recommended to support SMDF financially… up to a maximum of €16...
View ArticleSMDF: Futility, Hypocrisy
The Council of the Law Society, many, if not all, of whom are members of the SMDF considered whether they could compel SMDF members to bailout the SMDF themselves. They decided they could not. However,...
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SMDF: What may the Law Society do?
Whatever it may do, the Law Society of Ireland may not levy the bailout of the SMDF on solicitors, conditional on giving the annual practising certificate. Asked why the Law Society of Ireland would...
View ArticleSMDF: Darkness in Summer
The Council of the Law Society probably harbours people with mixed motives for proposing the bailout of the SMDF, but none can gainsay the fact that the appeal to the members of the Law Society is an...
View ArticleSMDF: Vote no
The Council of the Law Society of Ireland has proposed that the members of the Law society vote for the following proposal: “That [the members] approve[s] the recommendation of the Society’s Council to...
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