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I had never heard of that, and the story you linked does not appear to make or to support the claim that lawyers can "own companies and sit on boards on behalf
by wcarss 5y ago
I had never heard of that, and the story you linked does not appear to make or to support the claim that lawyers can "own companies and sit on boards on behalf of clients".
It does suggest that lawyers are not required to keep records of their clients' financial activities, and that they should be exempt from searches for records pertaining to their clients, for fear of the searches violating privilege. It doesn't seem to be a very clear article though on what the previous situation was, or what exactly the court's decision in 2015 impacts.
I googled briefly "lawyer sit on board for me Canada" and "lawyer own business on my behalf Canada", etc., and did not find anything specific about the topic in the first few results, aside from articles stating that most law firms have internal guidelines for their staff to not sit on boards of anything but non profit organizations, or to only take positions on boards with extreme care, but that is all referring to participation in their own capacity/their firm's, not to acting on behalf of a client in a surrogate role in that client's businesses.
...do you happen to know of any sources that make it clear that lawyers do actually do this?
- dleslie 5y agoWith power of attorney, Canadian lawyers can create businesses, buy properties, and so forth on behalf of their clients[0]. Thanks to this recent ruling, their clients and their holdings do not have to be revealed. I belive that the previous situation was that lawyers had to report who their clients were and what their financial activities were via FINTRAC, as one of the reporting entities[1]. However, British Columbia has found a way around it, for housing, by requiring that the principal _resident_ of properties exist, be unique, and be declared or otherwise the property will be taxed.[2] Much of this shady stuff isn't common knowledge and so isn't easily searched. A good start is "the Vancouver model", but that will also include BC's casino-based money laundering. 0: https://www.canada.ca/en/employment-social-development/corporate/seniors/forum/power-attorney-financial.html https://www.canada.ca/en/employment-social-development/corpo... 1: https://www.fintrac-canafe.gc.ca/re-ed/intro-eng https://www.fintrac-canafe.gc.ca/re-ed/intro-eng 2: https://www2.gov.bc.ca/gov/content/taxes/speculation-vacancy-tax/how-tax-works/terms-definitions https://www2.gov.bc.ca/gov/content/taxes/speculation-vacancy...
- amelius 5y agohacker : code = lawyer : the law
- deleted 5y ago[deleted]
- dr_dshiv 5y agoIt would be really nice to create an impenetrable set of shell organizations as an open art/citizenship project. No one who has these complex organizations for a purpose would reveal their structure; but, if a set of holding companies were created for no purpose, it could reveal a lot about methods and approaches that could inform public policy.
- miohtama 5y agoWill attorneys also bear the criminal reponsibility of the actions of the company?