Fees

Vic Liqs cop $25k pay cut after successor objects

Hamilton Murphy principal Richard Rohrt. Pitcher Partners’ David Vasudevan. The spectre of proportionality has made an appearance in the deliberations of the Victorian Supreme Court, resulting in Pitcher Partners’ Andrew Yeo and David Vasudevan copping a pay cut of more than $25,000. In Re Nissand Pty Ltd (in liq) [2019] VSC 280 (10 May 2019) Judicial Registrar Patricia Matthews found that while more than $131,000…

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Court wallops liquidators over $5.8 million in fees

Fees excessive – Liquidator John Sheahan. Remuneration is a topic never far from the frontal lobe of INO’s audience and thanks to liquidators John Sheahan and Ian Lock and Federal Court judge Tony Besanko, 2019 has started with a decision guaranteed to get synapses firing. On Monday Justice Besanko delivered his judgment in Lock, in the matter of Cedenco JV Australia Pty Ltd (in liq) (No…