The court-appointed liquidator of a partnership sought approval of its fees and disbursements, including legal fees, and directions for the distribution of the net proceeds.
The liquidation involved significant complications, including the need to recognize a Quebec judgment in Ontario and deal with multiple creditors.
The court approved the liquidator's fees, finding them fair and reasonable despite exceeding a 2:1 ratio of net receivables, due to the disproportionate difficulties encountered.
The court also interpreted the underlying Quebec judgment, concluding that a specific sum awarded to one partner was a damages award, not a priority claim on the liquidated assets, and directed the remaining proceeds to be distributed pro rata among the other partner's creditors.
