This article was co-authored by Damian Taylor (Partner) and Emma Laurie-Rhodes (Associate) of Slaughter and May, and was originally published in Vannin Capital's Funding in Focus publication, available here.

Corrs Chambers Westgarth and Slaughter and May consider how maritime salvage principles have been used in Australia and the United Kingdom to ensure insolvency practitioners are paid for the costs and expenses properly incurred in the care, preservation, and realisation of assets (including for the costs of litigation funding arrangements).

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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