Receivership

Receiver’s subpoena compliance costs rankle

HLB Mann Judd’s Todd Gammel A judge’s comments have sounded yet another warning to lawyers about over egging the pudding, in this case in terms of advising on subpoena compliance. In the matter of Lainson Holdings Pty Limited [2019] NSWSC 1446 NSW Supreme court judge Kelly Rees was determining an application Lainson Holdings‘ receivers and managers had made for a gross sum costs order. “His…

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Judge takes “broad axe” to receiver’s fee

Mackay Goodwin principal Domenic Calabretta. Image courtesy Mackay Goodwin. When you’ve accepted an interim appointment by court order for an explicit purpose it’s best not to undertake work not the subject of said order, particularly if there’s a chance that your subsequently contested remuneration claim might be assessed via application of the so-called “broad axe” wielded by NSW Supreme Court Judge Paul “Proportionality” Brereton. Sadly…