Legal Profession Act 2007

The appointment of a receiver for a law practice terminates in the following circumstances—

the term of the appointment, if any, comes to an end;

the appointment is declared invalid or terminated under section 531;

a termination of the appointment by the law society takes effect.

The law society may, by written notice, terminate the receiver’s appointment on or after a date stated in the notice.

After a receiver’s appointment terminates, the former receiver must transfer and deliver the regulated property of the law practice to—

another external intervener for the law practice appointed within 14 days after the day the termination takes effect; or

the practice, if another external intervener is not appointed as mentioned in paragraph (a) and paragraph (c) does not apply; or

another person under arrangements approved by the law society, if it is not practicable to transfer and deliver the regulated property to the practice.

However, the former receiver need not transfer and deliver regulated property of the law practice under subsection (3) unless the receiver’s expenses for the external intervention have been paid.

The law society must give a notice under subsection (2) to all persons originally given a copy of the notice of appointment.