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Receiver – Appointed by court. The applicant receiver applied for payment of all legal costs and remuneration. The Administrative Court, in allowing the application, held that a contention that the receiver, as trustee, had failed to bring property into the receivership account could not be advanced in an application for a general account, without having also raised an allegation of wilful default, negligence or other breach of duty for which the receiver had been liable to compensate the intervener beneficiaries. Further, a prior order had not acted to prevent the receiver claiming disbursements from gross receipts that he should have provided in the costs proceedings.
Receiver – Appointed by court. The applicant receiver applied for payment of all legal costs and remuneration. The Administrative Court, in allowing the application, held that a contention that the receiver, as trustee, had failed to bring property into the receivership account could not be advanced in an application for a general account, without having also raised an allegation of wilful default, negligence or other breach of duty for which the receiver had been liable to compensate the intervener beneficiaries. Further, a prior order had not acted to prevent the receiver claiming disbursements from gross receipts that he should have provided in the costs proceedings.
Sam Townend KC explains the Bar Council’s efforts towards ensuring a bright future for the profession
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Westgate Wealth Management Ltd is a Partner Practice of FTSE 100 company St. James’s Place – one of the top UK Wealth Management firms. We offer a holistic service of distinct quality, integrity, and excellence with the aim to build a professional and valuable relationship with our clients, helping to provide them with security now, prosperity in the future and the highest standard of service in all of our dealings.
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