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  • High Court rules that administrators may be able to pay administration expenses and litigation funding ahead of “super priority” moratorium debts

High Court rules that administrators may be able to pay administration expenses and litigation funding ahead of “super priority” moratorium debts

Philip Lis and Peter Thompson of HSF Kramer share that the High Court has confirmed administrators may pay administration expenses and litigation funders from litigation proceeds ahead of super-priority moratorium debts where the arrangement advances the purpose of the administration and complies with their duties.