[Code of Federal Regulations]
[Title 32, Volume 5]
[Revised as of July 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 32CFR776.27]

[Page 517]
 
                       TITLE 32--NATIONAL DEFENSE
 
                   CHAPTER VI--DEPARTMENT OF THE NAVY
 
PART 776_PROFESSIONAL CONDUCT OF ATTORNEYS PRACTICING UNDER THE 
 
                 Subpart B_Rules of Professional Conduct
 
Sec. 776.27  Conflict of interests: Prohibited transactions.

    (a) Conflict of interests: Prohibited transactions.
    (1) Covered USG attorneys shall strictly adhere to current 
Department of Defense Ethics Regulations and shall not:
    (i) Knowingly enter into any business transactions on behalf of, or 
adverse to, a client's interest which directly or indirectly relate to 
or result from the attorney-client relationship; or
    (ii) Provide any financial assistance to a client or otherwise serve 
in a financial or proprietorial fiduciary or bailment relationship, 
unless otherwise specifically authorized by competent authority.
    (2) No covered attorney shall:
    (i) Use information relating to representation of a client to the 
disadvantage of the client unless the client consents after 
consultation, except as permitted or required by Sec. 776.25 or Sec. 
776.42 of this part;
    (ii) Prepare an instrument giving the covered attorney or a person 
related to the covered attorney as parent, child, sibling, or spouse any 
gift from a client, including a testamentary gift, except where the 
client is related to the donee;
    (iii) In the case of covered non-USG attorneys, accept compensation 
for representing a client from one other than the client unless the 
client consents after consultation, there is no interference with the 
covered attorney's independence of professional judgment or with the 
attorney-client relationship, and information relating to representation 
of a client is protected as required by Sec. 776.25 of this part;
    (iv) Negotiate any settlement on behalf of multiple clients in a 
single matter unless each client provides fully informed consent;
    (v) Prior to the conclusion of representation of the client, make or 
negotiate an agreement giving a covered attorney literary or media 
rights for a portrayal or account based in substantial part on 
information relating to representation of a client;
    (vi) Represent a client in a matter directly adverse to a person 
whom the covered attorney knows is represented by another attorney who 
is related as parent, child, sibling, or spouse to the covered attorney, 
except upon consent by the client after consultation regarding the 
relationship; or
    (vii) Acquire a proprietary interest in the cause of action or 
subject matter of litigation the covered attorney is conducting for a 
client.
    (b) [Reserved]