The appellant appealed an order directing the payment of unallocated trust funds into the Law Society's compensation fund.
The Court of Appeal dismissed the appeal, finding that the order was a valid distribution under section 49.47(2) of the Law Society Act.
The Court held that section 51(2) does not exhaustively set out monies payable into the compensation fund, and sections 59.6 through 59.14 do not mandate payment of unallocated funds into the unclaimed trust fund account.
Costs of $15,000 were awarded to the respondent.
