Costs

Bankruptcy, Costs, Fees, Judgment, Trustees 10 December 2021

Trustee goes halfway in correcting judge

Telling an insolvency practitioner their application for additional remuneration is “misconceived” is like telling Bill Shorten his plan for getting the ALP into power would work if only the plan’s primary beneficiary wasn’t himself. Red rags ain’t in it. So when an eminence of the Federal Circuit Court in Tasmania told trustee Brett Harrison that his application for a modest sum of future additional remuneration…

Costs, Judgment, Liquidators, Litigation, Receivership, Social/Professional 13 October 2021

Half mill in costs pending after attack on receiver fails

Farshad Amirbeaggi. Mackay Goodwin principal Domenic Calabretta. Image courtesy Mackay Goodwin. A liquidator’s estimate of a return to creditors of between 51 cents and 100 cents in the dollar may have been imperilled after attempts to appoint a receiver to sell a luxury property in Bali were rejected by the courts. In failing to have a receiver appointed Hayes Advisory principal and liquidator of Sirrah…

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Costs

Trustee goes halfway in correcting judge

Failed appeal follows imprudent refusal

Ousted VA extracts fees despite demands for costs

Solvency reports excoriated as funder stung for costs

“Imprudent refusal” earns indemnity costs

Liquidator spared half million in indemnity costs

BBY duo conclude long adjourned remuneration bid