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Law
7 mins to read

From a liquidation to multiple lawsuits

After a company trading derivatives lost an investor’s money, its director qualified as a lawyer and began filing claims for defamation.

Auckland High Court.

Tim Hunter Mon, 22 Jul 2024
Key points
  • What’s at stake: The Law Society is considering a lawyer’s application to practise on his own account.
  • Background: Orange Capital traded CFDs and was placed in liquidation by its shareholder in 2017. The liquidator was a convicted tax fraudster. The shareholder subsequently qualified as a lawyer but was initially refused a certificate of character by the Law Society in 2021 before gaining admission six months later.
  • Main players: Orange Capital, Gautam Jindal, Imran Kamal, Kevin Davies, Cherag Daruwalla, OM Financial, Jarden Securities.

In a judgment of November 24, 2023, Associate Judge Clive Taylor records that the legal career of Gautam Jindal did not begin well.

The procedure for admission to practise as a barrister and solicitor involves obtaining a certificate of character from the Law Society. In Jindal’s case, in March

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Tim Hunter Mon, 22 Jul 2024
Contact the Writer: thunter@nbr.co.nz
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Key points
  • What’s at stake: The Law Society is considering a lawyer’s application to practise on his own account.
  • Background: Orange Capital traded CFDs and was placed in liquidation by its shareholder in 2017. The liquidator was a convicted tax fraudster. The shareholder subsequently qualified as a lawyer but was initially refused a certificate of character by the Law Society in 2021 before gaining admission six months later.
  • Main players: Orange Capital, Gautam Jindal, Imran Kamal, Kevin Davies, Cherag Daruwalla, OM Financial, Jarden Securities.
From a liquidation to multiple lawsuits
Law,
104910
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