Fees

Judge chooses cheapest, unfunded option

KPT Restructuring’s Jason Tang. KPTB Restructuring’s Ozem Kassem. 2024 has opened with a rash of contests between parties who want their preferred liquidator installed in preference to their opponent’s nominee and this week the trend persisted, with a twist. On Monday 8 Wentworth’s Ahmed Rizk urged Judge Tony McGrath to reject his opponent’s nominee on . . . Restricted Content Dear Reader, this story is…

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Liquidator’s explanations on fees and costs fall short

Jones Partners consultant Alan Topp. Coming before certain judges with less than fulsome explanations as to why fees and costs are justified is a zero sum game, as certain parties found out when NSW Supreme court judge Ashley Black was asked to rule on a dispute over amounts to be deducted from the proceeds of sale of land in Sydney’s west. “I do not accept…