Liquidator's fee determined by creditors' decision or prescribed percentage schedule, with payment linked to realisation and distribution. Liquidator's fee is determined by the committee of creditors; if no fee is fixed the consultation committee may fix it. Otherwise the liquidator receives the resolution professional's rate for compromise periods and thereafter fees as prescribed percentages of amounts realised (net of liquidation costs) and amounts distributed under a tiered schedule by tranche and by liquidation period. Fees correspond to realised or distributed amounts as applicable, half of realisation fees are payable only after distribution, and earlier Regulation 4 applies to processes begun before the amendment.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Liquidator's fee determined by creditors' decision or prescribed percentage schedule, with payment linked to realisation and distribution.
Liquidator's fee is determined by the committee of creditors; if no fee is fixed the consultation committee may fix it. Otherwise the liquidator receives the resolution professional's rate for compromise periods and thereafter fees as prescribed percentages of amounts realised (net of liquidation costs) and amounts distributed under a tiered schedule by tranche and by liquidation period. Fees correspond to realised or distributed amounts as applicable, half of realisation fees are payable only after distribution, and earlier Regulation 4 applies to processes begun before the amendment.
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