350Lien for costs on regulated property

350 Lien for costs on regulated property

350 Lien for costs on regulated property

(1) This section applies if—

(a) a receiver has been appointed for a law practice; and

(b) the law practice or a legal practitioner associate of the law practice claims a lien for legal costs on regulated property of the law practice.

(2) The receiver may serve on the law practice or legal practitioner associate a written notice requiring the law practice or associate to give the receiver within a specified period of not less than one month—

(a) particulars sufficient to identify the regulated property; and

(b) a detailed bill of costs.

(3) If the law practice or legal practitioner associate requests the receiver in writing to give access to the regulated property that is reasonably necessary to enable the law practice or associate to prepare a bill of costs in compliance with subsection (2), the time allowed does not begin to run until the access is provided.

(4) If a requirement of a notice under this section is not complied with, the receiver may, in dealing with the regulated property claimed to be subject to the lien, disregard the claim.