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Insolvency – Liquidator. The Chancery Division held, among other things, that the defendant liquidator was not liable to the claimant firm of solicitors (the firm) for its charges, basic costs and uplift or for interest on unpaid or late payment of disbursements in respect of work done, pursuant to a conditional fee agreement (CFA), in respect of the liquidation of a company. A letter sent to the Firm by the liquidator and its acceptance by the Firm's principal, had had the effect of importing into the conditional fee agreement that recovery of assets into the estate was a precondition to the firm rendering an invoice to the liquidator for work done by the Firm.
Insolvency – Liquidator. The Chancery Division held, among other things, that the defendant liquidator was not liable to the claimant firm of solicitors (the firm) for its charges, basic costs and uplift or for interest on unpaid or late payment of disbursements in respect of work done, pursuant to a conditional fee agreement (CFA), in respect of the liquidation of a company. A letter sent to the Firm by the liquidator and its acceptance by the Firm's principal, had had the effect of importing into the conditional fee agreement that recovery of assets into the estate was a precondition to the firm rendering an invoice to the liquidator for work done by the Firm.
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