spinnaker
Ultimately this has served no purpose for pwc. ie they got no money out of the exercise.
Errr I doubt this ! I don't have in depth knowledge of this specific appointment but Ido understand as to how the professions work & PWC would have received an instruction from whoever appointed them i.e. in this case the instruction came from GSM's bank and would encompass a very nice remuneration structure. The bottom line being that the bank would underwrite such fees incurred. As ever directly or indirectly it is ALWAYS the creditors who pay!