221 Liquidator’s remunerationSpecific provision is made for the basis upon which the liquidator in a creditors' voluntary liquidation is to be remunerated1. This is determined either as a percentage of the value of assets realised or distributed or a combination of both, or by reference to the time costs of the liquidator and his staff, or as a set amount2. If a liquidation committee has been established, it is for the committee to determine under which head the remuneration is to be fixed and also the percentage, if appropriate; it is possible to set remuneration on different bases for
Specific provision is made for the basis upon which the liquidator in a creditors' voluntary liquidation is to be remunerated1. This is determined either as a percentage of the value of assets realised or distributed or a combination of both, or by reference to the time costs of the liquidator and his staff, or as a set amount2. If a liquidation committee has been established, it is for the committee to determine under which head the remuneration is to be fixed and also the percentage, if appropriate; it is possible to set remuneration on different bases for
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
0330 161 1234