Cost of proof: claimant bears proof expenses; liquidator's verification costs form part of liquidation costs and may be recovered. A claimant must bear the cost of proving its claim; liquidator's costs for verification and determination form part of liquidation cost, and if a claim is ... Summary
Cost of proof: claimant bears proof expenses; liquidator's verification costs form part of liquidation costs and may be recovered.
A claimant must bear the cost of proving its claim; liquidator's costs for verification and determination form part of liquidation cost, and if a claim is found false the liquidator shall endeavour to recover those verification costs from the claimant and provide claimant details to the Board.
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