New Judgment: Basis of assessment of liquidators fees

01 August 2019

Judgment has been delivered in a matter before HHJ Monty QC sitting as a High Court Judge in the Insolvency and Companies List, in which Daniel Lewis, instructed by Moon Beever, acted for the Applicant.

This is the first time that the Court has considered the basis of assessment of the fees of a liquidator and his legal representatives when there has been an appointment by the FCA to preserve, recover and distribute client money on the insolvency of a regulated firm. This case related to a debt management firm, but the reasoning would apply to the insolvency of any firm subject to the Client Assets Sourcebook in the FCA Handbook.

Click here for the judgment.