A solicitor retained to act on a loan and mortgage transaction does not owe a duty to advise on the underlying investment for which the loan funds are to be used, provided the solicitor makes clear the retainer is limited and refers the client for independent legal advice. Prior business dealings between a solicitor and a counterparty to the client's transaction do not, without more, create a conflict of interest where the solicitor has no reason to suspect the counterparty's insolvency. Contracts for investment in an unregistered managed investment scheme are voidable at the option of the investor or operator, not void or illegal.
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