At a time when insolvency practitioner’s (“IPs”) fees are being scrutinised more closely than ever, the case of Bell v Birchall and others [2015] is a timely reminder to IPs to consider the necessity of the work they propose to undertake, particularly in respect of assets that do not form part of the insolvent estate. In this case, the court ruled that it had no jurisdiction to make a “Berkeley Applegate” order.
United Kingdom, Insolvency & Restructuring, Legal Practice, Litigation, Private Client & Offshore Services, Squire Patton Boggs
In a recent decision by the United States Bankruptcy Court for the Southern District of New York, Weisfelner, v. Fund 1, et al. (In re Lyondell Chem. Co.), 2014 Bankr. LEXIS 159 (Bankr. S.D.N.Y.
USA, New York, Insolvency & Restructuring, Litigation, Mintz, Shareholder, Leveraged buyout, United States bankruptcy court, US District Court for the Southern District of New York