Legal Profession (Professional Conduct) Rules 2015 · As enacted · Part 3 · Rules Applicable to Practice of Singapore Law and Practice in Singapore Courts
24. Purchases from client
Feedback & supportSubject to the law on fiduciary relationships, a legal practitioner or law practice may purchase goods and assets from a client of the legal practitioner or law practice only if the purchase is at the prevailing market price or at such price as is reasonable.
Where practicable, the legal practitioner or law practice must obtain an independent valuation of the goods and assets.
Subregulation 1
Subject to the law on fiduciary relationships, a legal practitioner or law practice may purchase goods and assets from a client of the legal practitioner or law practice only if the purchase is at the prevailing market price or at such price as is reasonable.
Subregulation 2
Where practicable, the legal practitioner or law practice must obtain an independent valuation of the goods and assets.