ABU DHABI // Lawyers who ask for a specific percentage of a client’s compensation package, break the case secrecy rules or neglect certain cases can be prosecuted and face suspension.
A number of recent Supreme Court cases have highlighted the sometimes ignored rules of the lawyer-client relationship.
In one case a lawyer was prosecuted for specifying a percentage for his client to pay him in fees, which violates article 31 from federal law number 23 for the year 1991, which regulates the lawyers’ profession.
The lawyers’ disciplinary council let him off lightly by issuing a warning.
Saed Musalem, a legal counsellor, said that while there is no cap for a lawyer’s fees, they are not allowed to specify a percentage. So if a client filed a compensation case at a civil court asking for Dh10 million, the lawyer cannot ask for 20 per cent of that amount.
“If he did, the client could file a complaint at the lawyers’ committee and they will discipline the lawyer,” said Mr Musalem. “If the lawyer has committed this before he could be suspended temporarily or permanently from practising the profession. The client should take his [compensation] money in full amount.”
Clients can file complaints against lawyers either through the Ministry of Justice or through the concerned court.
Two lawyers were suspended from practising for one month by Abu Dhabi Judicial Department for neglecting a client’s case and breaching secrecy rules.
The client had filed a complaint to the lawyers affairs committee at ADJD saying she appointed two lawyers but they never agreed to follow the case with her while it was with the police or public prosecution.
After her case was referred to court, she informed the pair that she wanted to reconcile with the other party and tried to contact them many times but they ignored her calls and did not accompany her to prosecutors’ questionings, claiming it was not their responsibility to attend at that stage.
The second lawyer also spoke about the details of the woman’s case to one of her relatives without her consent, claiming he wanted to resolve the case in a friendly manner.
According to lawyer Habeeb Al Houssani, in many personal affairs and inheritance law cases, clients ask for some information or documents not to be revealed.
“I am not questioned about what I include in my defence memo but I could work around the info without mentioning it directly,” he said.
However, sometimes sensitive information is brought up by the opposite side so, he said, 100 per cent secrecy is impossible.
In general, lawyers are keen to protect their clients’ confidentiality because not doing so could affect their reputation, Mr Al Houssani said.
Lawyers are obliged to do all that is necessary for clients, including attending hearings, presenting all required documents and notifying the client of each step.
However, they cannot guarantee winning a case, even if some clients end up blaming their legal representative for losing, said lawyer Mohammed Sawan.
“Once I received a client who had a problem with his company and he gave me a totally different tale than the one I saw in the case files after I received them,” he said.
“I told him a lawsuit will not be in his interest and it is better for him to reconcile. He came back to me two days later asking for his money because, in his opinion, I did not do anything for him.”
hdajani@thenational.ae
Federer's 11 Wimbledon finals
2003 Beat Mark Philippoussis
2004 Beat Andy Roddick
2005 Beat Andy Roddick
2006 Beat Rafael Nadal
2007 Beat Rafael Nadal
2008 Lost to Rafael Nadal
2009 Beat Andy Roddick
2012 Beat Andy Murray
2014 Lost to Novak Djokovic
2015 Lost to Novak Djokovic
2017 Beat Marin Cilic
Recent winners
2002 Giselle Khoury (Colombia)
2004 Nathalie Nasralla (France)
2005 Catherine Abboud (Oceania)
2007 Grace Bijjani (Mexico)
2008 Carina El-Keddissi (Brazil)
2009 Sara Mansour (Brazil)
2010 Daniella Rahme (Australia)
2011 Maria Farah (Canada)
2012 Cynthia Moukarzel (Kuwait)
2013 Layla Yarak (Australia)
2014 Lia Saad (UAE)
2015 Cynthia Farah (Australia)
2016 Yosmely Massaad (Venezuela)
2017 Dima Safi (Ivory Coast)
2018 Rachel Younan (Australia)
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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Starring: Bruce Willis, Toni Collette, Hayley Joel Osment
Director: M. Night Shyamalan
Rating: 5/5
The Ashes
Results
First Test, Brisbane: Australia won by 10 wickets
Second Test, Adelaide: Australia won by 120 runs
Third Test, Perth: Australia won by an innings and 41 runs
Fourth Test: Melbourne: Drawn
Fifth Test: Australia won by an innings and 123 runs
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Price, base: Dh145,000
Engine: 2.0-litre turbocharged in-line four-cylinder engine
Transmission: Nine-speed automatic
Power: 237hp @ 5,000rpm
Torque: 350Nm @ 1,500rpm
Fuel economy, combined: 8.7L / 100km
Temple numbers
Expected completion: 2022
Height: 24 meters
Ground floor banquet hall: 370 square metres to accommodate about 750 people
Ground floor multipurpose hall: 92 square metres for up to 200 people
First floor main Prayer Hall: 465 square metres to hold 1,500 people at a time
First floor terrace areas: 2,30 square metres
Temple will be spread over 6,900 square metres
Structure includes two basements, ground and first floor
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2. Novak Djokovic (SRB) 8,945 (-1)
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4. Daniil Medvedev (RUS) 5,705
5. Dominic Thiem (AUT) 5,025
6. Stefanos Tsitsipas (GRE) 4,000 ( 1)
7. Alexander Zverev (GER) 2,945 (-1)
8. Matteo Berrettini (ITA) 2,670 ( 1)
9. Roberto Bautista (ESP) 2,540 ( 1)
10. Gaël Monfils (FRA) 2,530 ( 3)
11. David Goffin (BEL) 2,335 ( 3)
12. Fabio Fognini (ITA) 2,290
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15. Denis Shapovalov (CAN) 2,050 ( 13)
16. Stan Wawrinka (SUI) 2,000
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18. Alex De Minaur (AUS) 1,775
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Director: John McPhail
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Three stars
Mountain%20Boy
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RESULT
Manchester City 1 Sheffield United 0
Man City: Jesus (9')