Citation issued: august 25, 2011

peter krogh jensen

Citations are issued by the Law Society of BC's Discipline Committee and list allegations against a lawyer which will be considered at a discipline hearing. Please note that allegations in a citation are unproven until a discipline hearing panel has determined their validity.

Nature of conduct to be inquired into:

1. In the period from approximately September 2008 to April 2009, while you were representing C Inc., M Capital and its principal, JN, you accepted funds in trust in the amount of US$200,000 from BF and/or DF for the purchase of shares of C Inc. from M Capital and disbursed those funds on instructions from JN, without advising BF and DF that you were not protecting their interests, contrary to Chapter 4, Rule 1 of the Professional Conduct Handbook.

This conduct constitutes professional misconduct.

2. In the alternative, in the period from approximately September 2008 to April 2009, while you were representing C Inc., M Capital and its principal, JN, you permitted your trust account to be used to receive and disburse funds in the amount of US$200,000 received in trust from BF and/or DF for the purchase of shares of C Inc. from M Capital when you were not acting for either party to the transaction and without advising BF and DF that you were not protecting their interests.

This conduct constitutes professional misconduct.