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Judge baulks at funder’s 70% commission for case over NewSat collapse
Restructuring & Insolvency 2022-04-19 3:05 pm By Cindy Cameronne

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 ā€œwholly disproportionateā€.

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