Judge rejects A One Multi receiver’s request for future remuneration

Restructuring & Insolvency 2022-09-20 1:02 pm By Cindy Cameronne | Sydney

Two receivers for unlicensed investment scheme A One Multi Services have lost their bid to have 85 per cent of their future remuneration paid out immediately, with a judge agreeing with the corporate regulator that the receivers should not have “what are in effect trust funds”.