Fees

Liquidator’s fee discount helps judge approve Rem.

It seems that when a liquidator applies to the court for approval of his or her remuneration, advising the judge that you’re offering a big discount doesn’t harm your chances. In Deputy Commissioner of Taxation v Addwealth Financial Services Pty Ltd (in liq) [2018] FCA 96 we learn that BRI Ferrier WA principal John Carrello sought judicial approval for fees of $25,000 plus GST and expenses for work Carrello…

Read More

FTI pair claim partial victory over BDO nemesis

FTI’s John Park and his former colleague Ginette Muller are still trying to wipe off some of the opprobrium that attached itself to them after an August 2013 decision containing uncomplimentary remarks about their handling of the administration of LM Investment Management Ltd (LMIM), responsible entity for the LM First Mortgage Income Fund (FMIF). The remarks were made in proceedings which among other things saw BDO’s…