Solicitors' fees not deemed to be expense of administration
The Court of Appeal has upheld the decision of the High Court in a case in which Walker Morris’s finance litigation team acted for the successful party.
After the complex and drawn-out saga of Portsmouth City Football Club’s insolvency, a former solicitor of the club, who had acted for it in connection with its opposition to a winding-up petition, sought to claim its fees and disbursements as an expense of the out-of-court administration. The Court of Appeal, however, disagreed — finding that it neither had the inherent jurisdiction, nor was there a legislative foundation, to provide such a ruling.
Between December 2009 and February 2010, Neumans acted for Portsmouth in its defence of a winding-up petition issued by HMRC on the grounds of an unpaid liability for VAT. Neumans ceased to act for Portsmouth when a new owner appointed administrators out of court, having the effect of suspending the ongoing winding-up petition…
If you are registered and logged in to the site, click on the link below to read the rest of the Walker Morris briefing. If not, please register or sign in with your details below.
News from Walker Morris
News from The Lawyer
Briefings from Walker Morris
Ofgem and DECC have jointly published an action plan of measures to encourage the growth of independent energy suppliers.
The Finance Act 2014 will change the economics of using tax avoidance schemes by requiring payment of disputed tax upfront in cases involving numerous marketed tax management schemes,
Analysis from The Lawyer
The law school war shows no signs of ending. But we have, perhaps, reached the end of the beginning.
New EU rules and lawyers’ increased comfort with digital formats are sparking a sea-change in the way law firms manage their documents