7 Sept 2022
SAUNDERS & CO LAWYERS v LAND HOMES LTD (in liq) [2022] NZHC 2268
- Citation
- [2022] NZHC 2268
- Court
- High Court
The court approved the liquidators' remuneration because the fees reflected the fair value of services to creditors, substantial work had been performed, reasonable discounts and write‑offs were applied in light of limited realisations and no viable recovery avenues were identified, satisfying the test in Re Roselea Path and Madsen‑Ries and s 284(1)(e) Companies Act 1993.