The ICLR has provided a summary for the Court of Appeal decision Neumans LLP (a firm) v Andronikou [2013] EWCA Civ 916: see here. The headnote reads: "Where solicitors had acted for a company in connection with its opposition to a winding up petition but had ceased to act for the company by the time the company went into out of court administration, the court had no power under the Insolvency Rules 1986 or under the inherent jurisdiction of the court to direct that fees which the company owed to the solicitors were an expense of the administration."
Tuesday, 30 July 2013
UK: England and Wales: solicitors' fees were not an expense of administration
The ICLR has provided a summary for the Court of Appeal decision Neumans LLP (a firm) v Andronikou [2013] EWCA Civ 916: see here. The headnote reads: "Where solicitors had acted for a company in connection with its opposition to a winding up petition but had ceased to act for the company by the time the company went into out of court administration, the court had no power under the Insolvency Rules 1986 or under the inherent jurisdiction of the court to direct that fees which the company owed to the solicitors were an expense of the administration."
No comments:
Post a Comment