Liens

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….

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VAs’ salvage lien claim fails “Universal” test

Hall Chadwick’s Richard Albarran. Hall Chadwick’s Richard Lawrence. “Nice try but no cigar” might have been the words chief judge in equity David Hammerschlag muttered as he put the finishing touches to his ruling on the application by three Hall Chadwick partners for an order that they were entitled to an equitable lien over funds that might normally have been excepted to be the exclusive…