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Judgment

In re SPhinX Group of Companies (In Official Liquidation) - Judgment

[2012] CIGC (FSD) 160 · FSD 0016/2009 (ASCJ) · 2012-11-13

Whether the JOLs discharged their burden to justify fees for 1 January–31 August 2010; whether the staffing structure was top‑heavy and inefficient; whether duplication of work, excessive senior involvement, and internal meetings justified reductions; whether the Asset and Liability Report provided value commensurate with its cost; whether any volume discount should be applied to remuneration; whether travel‑time charges and temporary‑staff costs were reasonable; whether Moore Stephens’ criticisms should be accepted in whole or in part; whether the Court should endorse the continued use of external fee‑assessment assistance

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Legislation cited
Statute Sections cited Mentions
Companies Act 104(2) 3
Grand Court Act 18(2) 3
Companies Winding Up Rules (subordinate) — 1
Grand Court Rules - Vol I - Orders (subordinate) — 1
Insolvency Practitioners Regulations (subordinate) — 1

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