Former KWM Staff Set For Payouts But Creditors Left £18M Out of Pocket
The latest report into the long-running administration process has revealed further details.
March 06, 2019 at 04:58 AM
2 minute read
Former staff at King & Wood Mallesons are set to receive payouts from the administrators of the collapsed firm, despite a huge shortfall in funds available to pay unsecured creditors.
According to the latest report into the 2017 administration, some former firm employees have been ranked as preferential creditors, meaning they will receive payouts for wages, holiday pay and any successful claim regarding failures to consult on the redundancy process.
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