2014 ADVISORY ETHICS OPINIONS

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14-02 A lawyer, who has represented a corporation and its sole shareholder, may subsequently represent the purchaser of the corporate shares and the corporation where the interests are materially adverse, provided that both the former shareholder and the new shareholder give informed consent to such representation, confirmed in writing. In addition, a lawyer may serve as an as escrow agent of the pledged stock held as security in the sale, provided that both parties give informed consent.

 

 

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1978-Present Index to the Advisory Ethics Opinions of the VBA Committee on Professional Responsibility