Legal Profession Act 2004 No 112
Current version for 4 July 2014 to date (accessed 25 November 2014 at 11:26)

447   Reduction of claim because of other benefits

(1)  A person is not entitled to recover from the Fidelity Fund any amount equal to amounts or to the value of other benefits:
(a)  that have already been paid to or received by the person, or
(b)  that have already been determined and are payable to or receivable by the person, or
(c)  that (in the opinion of the Law Society Council) are likely to be paid to or received by the person, or
(d)  that (in the opinion of the Law Society Council) might, but for neglect or failure on the person’s part, have been paid or payable to or received or receivable by the person,
from other sources in respect of the pecuniary loss to which a claim relates.
(2)  The Law Society Council may, at its absolute discretion, pay to a person the whole or part of an amount referred to in subsection (1) (c) if satisfied that payment is warranted to alleviate hardship, but nothing in this subsection affects section 449 (Repayment of certain amounts).
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