- 28. 10. 2019
- Posted by: admin
Our Client, a private equity fund and minority shareholder of a shopping centre, approached us to review payments made to its supplier – a facility management company, based on an allegation of potential unjustified management fees which were charged to the Client.
The team conducted a high-level review of payments to the facility management company for the period from 2007 to 2010. We compared the entitlement of facility management company with contract provisions and identified a difference amounting to EUR 3.5 mln. Our results were used as the basis for a legal complaint of the Client and were also provided to the counterparty.
Conclusively, we provided the Client with the detailed calculations indicating the difference in management fees which was charged by the facility management company and the potential loss for our Client.