Traffic Monsoon Receiver denied use of Canadian attorneys
Just shy of two weeks ago the Traffic Monsoon Receiver requested permission to engage Canadian attorneys.
The attorneys are required to pursue judgement against Canadian Traffic Monsoon net-winners.
On October 28th the Receiver’s motion was denied.
In her denial order, Judge Parrish questioned
why expensive experts in Canadian bankruptcy law are needed to enforce any judgments against individuals located in Canada.
Cited rates for the three lawyers the Receiver wished to employ are $702, $607 and $221 an hour.
As a compromise, Judge Parrish recommended the Receiver ‘solicit multiple bids from attorneys experienced in this area of Canadian law‘.
Whether the Receiver takes the recommendation on board remains to be seen.
Update 30th April 2021 – The Traffic Monsoon Receiver has renewed efforts to engage Canadian counsel.