s 112 No advocate and solicitor to purchase interest of client
(1) Except as expressly provided in any written law, or by rules made under this Act, no advocate and solicitor shall— (a) purchase or agree to purchase either directly or indirectly an interest or any part of the interest which is the subject matter of his client or that of the other party in the same suit, action or other contentious proceeding brought or to be brought or maintained; or (b) enter into any agreement by which he is retained or employed to prosecute any suit or action or other contentious proceeding which stipulates for or contemplates payment only in the event of success in such suit, action or proceeding. (2) Nothing in this Act shall be construed to legalise any purchase or agreement prohibited by subsection (1) or to any disposition, contract, settlement, conveyance, delivery, dealing or transfer which is void or invalid against— (a) the Director General of Insolvency under the law relating to bankruptcy; (b) a liquidator or receiver under the law relating to the winding up of companng; or (c) a creditor in any composition.