- Gauging the monetary value of work done by solicitors for the purposes of section 245 of the Insolvency Act 1986 (Re Peak Hotels & Resorts Ltd)
- What are the practical implications of this case?
- What was the background?
- What did the court decide?
- Guideline Hourly Rates
- Time spent
- Case details
Dispute Resolution analysis: The court ascertained the value of certain work done by a firm of solicitors for the purposes of section 245 of the Insolvency Act 1986 (IA 1986). This article focuses mostly on the costs aspects of the matter, such as the test that was applied, the approach to Guideline Hourly Rates (GHR) hourly rates, and the assessment of time. Written by Dr Mark Friston, barrister at Hailsham Chambers, and general editor of Friston on Costs.
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