The High Court has approved more than €1.7 million in fees, including legal fees, incurred by the joint administrators of Quinn Insurance for the first three months of this year.
The joint administrators – Michael McAteer and Paul McCann of Grant Thornton – each charge an hourly rate of €475, the court heard. Mr McAteer’s fees for the first three months were €168,625 while Mr McCann’s were €94,763. The highest hourly rate charged was €735 per hour for Simon Sheaf, director of Grant Thornton’s UK-based actuarial team, the court heard.
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