Mostert and Others v Nash and Another (604/2017)
Mostert and Others v Nash and Another (604/2017) [2018] ZASCA 62; [2018] 3 All SA 1 (SCA); 2018 (5) SA 409 (SCA) (21 May 2018)
The Supreme Court of Appeal held that the fee agreement between the curator and the Financial Services Board, which provided for remuneration as a percentage of amounts recovered for the Sable Industries Pension Fund, was not in accordance with the norms of the attorneys' profession as required by paragraph 9 of the curatorship order. The evidence established that the conventional norm for attorney remuneration is an hourly rate, not a percentage of recoveries, unless specifically authorized by the court. While such contingency arrangements are not per se unlawful and may be authorized by the…
Source excerpt
- Curatorship Remuneration
- Contingency Fees Act
- Public Policy In Contracts
- Pension Fund Surplus
- Administrative Action Review
- Locus Standi