Law Firm's Administration Fees Disallowed In Great North Data Ltd. (Re) - Insolvency/Bankruptcy/Re-structuring
Background This was an application by Benson Buffett ("BB"), legal counsel to PricewaterhouseCoopers ("PWC") in its capacity as receiver of Great North Data Ltd. ("GND"), a failed cryptocurrency hosting company formerly based in Labrador City. Section 18 of the Bankruptcy and Insolvency General Rules, C.R.C, c. 368, says that "[a]ll bills of costs for legal services – other than those that do not exceed $2,500 in aggregate, excluding applicable federal and provincial taxes – must be taxed by the taxing officer". In accordance with this provision, BB submitted two statements of account fo...
Source: mondaq.com