Judge baulks at funder’s 70% commission for case over NewSat collapse
Allen & Overy 2022-04-19 3:05 pm By Cindy Cameronne | Sydney
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NewSat investor Rockgold Holdings has lost its bid to appoint a special purpose liquidator to run a lawsuit against eight major banks after a judge found its proposed 70 per cent funding fee “wholly disproportionate”.

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