Is the end result of Sakr Nominees continued “institutionalised time billing”?
While the insolvency profession might be satisfied with the final approval given to the liquidator’s remuneration, by Justice Ashley Black, in Sakr Nominees Pty Limited [2017] NSWSC 668, unthinking applications of the various judicial statements about proportionality can lead to unreasonable, and unfair, results. But an increased focus on legal fees, and other developments outside insolvency, put the decision into a lesser perspective. […]
