New South Wales Consolidated Regulations

LEGAL PROFESSION UNIFORM LEGAL PRACTICE (SOLICITORS) RULES 2015 - REG 10

10 Litigation lending

10.1 A solicitor who has assisted a client to obtain a
"litigation lending account" with a bank, or other financial institution, for the purpose of funding litigation, must not withdraw or cause or permit the withdrawal of money from the client's account for any purpose other than the following:

10.1.1 to reimburse the solicitor for disbursements (including Counsel's fees) already paid, or

10.1.2 to pay on behalf of the client any accounts due for payment to a third party, including the payment of costs due to a solicitor who has previously acted for the client where such a payment is required to obtain delivery of documents retained under a lien for unpaid costs claimed by that solicitor.

10.2 All withdrawals of money from the client's account must be made in accordance with the client's instructions.