Auckland lawyer Zel Unkovich has been ordered to pay two Blue Chip victims $160,000 in compensation for failing to advise them of the risks of the investment.The scary thing from Granny's story is this:
Unkovich said...it was conjecture whether the Bilbes would have proceeded with the deal if his staff had pointed out problems.Geez. That's failing in the bleedin' obvious, which is it's totally irrelevant whether they would have entered into the deals. The issue is whether advice on the structure was ever given. And it wasn't. If Unkovich gave it, and they still signed on the bottom line, then he'd have a point.
"At that time it wouldn't have mattered what you told people, wild horses couldn't stop them getting into a lot of these Blue Chip deals."
But he doesn't have a point and should just slink quietly into his corner and pay up - or at least his insurers should.