Fees

Liquidator’s Levy could fuel phoenix phenomenon

It was late in 2016 when the Full Bench of the NSW Supreme Court of Appeal sat to hear why one of their own had, in his enthusiasm for applying the concept of proportionality to liquidator’s remuneration, charted a course described that day by the appellant’s counsel as “without juridical basis.” The appellant on that Wednesday in November was Cliff Sanderson, a registered liquidator. The legal…

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Robinson’s Reed blitz could attract FEG attention

PPBA partner Mark Robinson has been running hard on the Reed Constructions case these last five and half years so SiN took a look at the most recent statement of accounts and minutes of meetings to see what he’s been getting for his efforts. Backed with funds from Pat Maloney’s Litigation Capital Management, Robinson has been pursuing an insolvent trading claim against two Reed directors, Geoff Reed and Derry Hill, who…