The Supreme Court of Appeal dealt with a dispute about trustees' remuneration in an insolvent estate. It held that a final trustee who was not a provisional trustee was not entitled to share in remuneration earned for work done before his appointment. The appeal was dismissed with costs, including the costs of two counsel.
This appears to concern how trustees' remuneration is reflected in an insolvent estate's liquidation and distribution account.
Evidence from source
whether a final trustee of an insolvent estate, who was not a provisional trustee, is entitled to share equally in the remuneration earned by the provisional trustees for work done before their appointment.
Supports: plain_summary: the dispute concerned whether a later-appointed final trustee could share in earlier remuneration
Mr Gore is not entitled to share in the remuneration earned for services rendered before his appointment as a final trustee.
Supports: plain_summary: the holding on entitlement
The appeal is dismissed with costs, including the costs of two counsel.
Supports: plain_summary: the outcome of the appeal