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indemnity

Costs, Deed Administrators, indemnity, Judgment, Liens, Litigation, VA's & DoCA's 11 December 2024

Deed administrators’ lien survives winding up

BDO partner Shaun McKinnon.BDO’s Andrew FieldingLiens it seems are durable beasts, not to be easily dissolved by liquidation which begs the question was there ever any chance that the former deed administrators (DAs) of the contentious Project Sea Dragon Pty Ltd DoCA would be denied their costs when the whiffy saga was at last laid to rest?Certainly with no objection from the other parties, including…

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FEG, indemnity, Judgment, Litigation, Receivers 29 May 2024

FEG prevails in circulating asset stoush

Jirsch Sutherland’s Malcolm Howell.RRI Advisory’s Liam Bellamy. iNO readers enamoured of circulating asset blow ups will find much in the latest decision of Federal Court judge Shaun McElwaine into which to sink their fangs.“As is usual, the defendants secured a deed of indemnity for their appointment from 1st Cash. However, the appointor denies the obligation to indemnify the defendants in respect of this claim. That is…