The New South Wales Supreme Court of Appeal's decision in Sanderson as Liquidator of Sakr Nominees [1] has given cause for optimism amongst insolvency practitioners. The decision confirms that the correct approach was taken by the Court inIdylic Solutions [2], bucking a trend in recent years of limiting or reducing practitioner remuneration by reference to a proportion of the funds recovered.
Australia, New South Wales, Insolvency & Restructuring, Litigation, K&L Gates LLP, Unsecured debt, Liquidation, Liquidator (law)