17 Jul 2020
NORRIS v PR LAW QUEENSTOWN NO 1 TRUSTEES LTD (In Liquidation) [2020] NZHC 1746
- Citation
- [2020] NZHC 1746
- Court
- High Court
The Court approved the liquidators' remuneration (as set out in Appendix 1 to counsel's memorandum of 29 June 2020) under the Companies Act because the fees were adequately disclosed, discounted, supported by detailed time and rate records, the litigation context justified the work, and approximately 98.7% of creditors by value accepted the claims, so the court was satisfied the amount was reasonable under s 284(1)(e).