The fees of insolvency lawyers – increased scrutiny under the new law
Liquidators and trustees in bankruptcy are more accustomed to seeing their own fees come under judicial scrutiny than the fees of their lawyers. Legal fees are ‘mere’ disbursements in insolvency law, requiring neither creditor nor court approval. Justice Steven Rares’ recent judicial views about lawyers’ fees in Armstrong Scalisi Holdings v Piscopo [2017] FCA 423 , a […]
Government’s response to the 2015 Productivity Commission Report – “Business … closure”
That part of the Productivity Commission’s report on insolvency – or “closure” – was not one of its better efforts, though it was constrained by being asked to deal with insolvency in what was a broad ranging inquiry, and without a wider perspective offered on the law and practice problems. A number of the Commission’s recommendations […]
