Lawyers must be vigilant about ethico-legal risks of conflicts of interest
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Singapore
AS one of the victims in the alleged S$1 billion nickel trading fraud involving the Envy Group of companies, lawyer Sunil Sudheesan also comes from the law firm that represents the Envy entities. This has prompted concerns as to whether there was a potential conflict of interest when lawyers invest in their clients' businesses.
The president of the Association of Criminal Lawyers of Singapore and head of Criminal Department at Quahe Woo & Palmer LLC is among notable names in the legal fraternity purportedly cheated by Ng Yu Zhi, 34, director of Envy Asset Management and Envy Global Trading, in a scheme involving nickel trades that never took place.
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