Promised Barristers' Fees Are Property, Court Rules

Law360, London (April 12, 2019, 8:18 PM BST) -- Legal fees a bankrupt barrister earned are property and must flow to a trustee looking out for his creditors even though there was no formal written contract for the sums, an appeals court in London ruled Friday. 

The Court of Appeals said that money a barrister made at the time of bankruptcy vested in a trustee administering his financial affairs even though the money wasn't subject to contract. 

In an unanimous decision, three judges sitting for the court ruled that the fees were technically property under insolvency law, overturning a High Court decision from August that found the fees weren't guaranteed. ...

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