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Breaking News: Senate allows bankrupt lawyers to practise

A law to let bankrupt lawyers practise in Bermuda was passed in the Senate today — without amendment.

Recently a motion to defer The Bermuda Bar Amendment Act 2008 for more consultation was defeated by the casting vote of Deputy Speaker Dame Jennifer Smith.

The law would allow attorneys such as Julian Hall — who has twice been made bankrupt — to work. Bankrupt lawyers have been banned from practising since 1984.

The Act repeals provisions of the Bermuda Bar Act 1974 which prevent an undischarged bankrupt from practising. It will allow bankrupt lawyers to practise with conditions — including being restricted from practising real estate law and operating trust accounts.

The lawyer would also be restricted from receiving advance fees such as retainers.