Receivership

Orders ain’t orders when receivers’ fees quadruple

Sean Wengel of William Buck NSW. When a court orders receivers’ fees be capped at $30,000 and they subsequently bill for $200,000, you know something somewhere has gone way way wrong. In the matter of Shanmugathaas & Anor v Paramanirupan & Ors [2019] NSWSC 1219 we may be seeing another example of how the new powers bestowed upon creditors by ILRA 2016 will sometimes generate…

Read More

Worrells’ Glavas belted over proofs of debt

Hamilton Murphy’s Stephen Dixon. Worrells’ Ivan Glavas. Worrells Melbourne partner Ivan Glavas has come in for some serious stick from a Victorian Supreme Court judge for adjudicating on proofs of debt in a way that led to a resolution to wind up a company being carried when in the normal course that outcome would’ve been defeated. Notwithstanding that the company was almost certainly insolvent, in…