Stephen Hunt (as Liquidator of Total Debt Relief Ltd) v. The Financial Conduct Authority [2019] EWHC 2018 (Ch)

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.

Daniel Lewis acted for the Applicant.

Click here for the judgment.