Regulation 18 Money recovered to be paid to solicitor

(1)

Subject to the following paragraphs of this regulation, and to regulation 17(2), all money payable to or recovered by a client in connection with a dispute by way of damages, costs or otherwise, whether or not proceedings were begun, and whether under an order of the court or an agreement or otherwise, shall be paid to the client’s solicitor, and only the client’s solicitor shall be capable of giving a good discharge for that money.

(2)

Paragraph (1) shall not apply to:

(a)

any periodical payment of maintenance; or

(b)

any money recovered or preserved by a client in any proceedings which:

(i)

has been paid into, or remains in, court, and is invested for the client’s benefit; and

(ii)

under regulation 50 of the Financial Regulations, is not subject to the statutory charge.

(3)

Where the client’s solicitor has reason to believe that an attempt may be made to circumvent the provisions of paragraph (1), he shall inform the Commission immediately.