indemnity

Administrators, Costs, Fees, indemnity, Judgment, Lawyers, Liens 22 March 2024

Court confirms VA’s priority over law firm partners

Worrells Perth principal Mervin Kitay. A judge of the Supreme Court of Western Australia yesterday delivered a useful decision in respect of questions of indemnification and priority against assets when a voluntary administrator is appointed to a legal partnership. In this case Worrells Perth principal Mervin Kitay had been appointed administrator of Dwyers Legal Pty Ltd, a law firm that previously traded as Dwyer Durack….

Costs, indemnity, Liens, Liquidations, Liquidators, SPL 24 May 2023

Beware SPLs running out of other people’s money

SV Partners’ David Stimpson. PwC’s Melissa Humann. Good old Government. Neither model litigant nor it seems, lender be, at least not in the mind of one general purpose liquidator (GPL) sitting on millions of yet to be distributed dollars while special purpose liquidators (SPLs) do the investigatory hard yards. Such anxiety does this GPL harbour in regards to the New South Wales Government in its…

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indemnity

Court confirms VA’s priority over law firm partners

Judge chooses cheapest, unfunded option

Notice of meeting cloud over VAs’ validity

Ousted deed administrators denied indemnity

Unhelpful administrators cop costs penalty

VAs ousted after backing doubtful DoCA

Liquidator and receiver at odds over adverse costs

Beware SPLs running out of other people’s money