| Commentary

221 Liquidator’s remuneration

| Commentary

221 Liquidator’s remuneration

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

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial