Fees

Tahmoor liquidators fail to disclaim Glencore royalty

McGrathNicol partner Shaun Fraser. It would have topped off a very successful winding up if Shaun Fraser and Jonathan Henry could’ve binned an inconveniently airtight royalty agreement attaching to the operations of the Tahmoor Coal mine. But it wasn’t to be. Last Friday a judge of the NSW Supreme Court refused the Tahmoor Coal Pty Ltd (Tahmoor) liquidators’ application for a declaration that they would…

Read More

ProvLiqs’ fees “wildly” in excess of $10m estimate

BDO national leader, business restructuring, Duncan Clubb. BDO partner Andrew Sallway. It’s well-established that shareholder stoushes can be effectively resolved by the appointment of external administrators. The arrival of interlopers – girt with alarming powers and even more alarming hourly rates – frequently unites disputants who’ve previously resisted every compromise proposed at every settlement conference, mediation and impromptu piss up masquerading as a peace summit….