2 Mar 2015
RE MF GLOBAL HONG KONG LTD
- Citation
- RE MF GLOBAL HONG KONG LTD
- Court
- Court of Appeal
- Case number
- CACV251/2012
The Court held that provisional liquidators who were appointed under s.193 and who continued to act after the making of winding up orders did so by virtue of s.194 and therefore fall within the definition of "liquidator" in s.2(1); accordingly the ad valorem fees prescribed by s.296 and the Companies (Fees and Percentages) Order (Item I Table B Schedule 3 and para 7(2)) are payable on all realisations realised and brought to credit by the provisional liquidators up to conversion on 4 October 2012, and the orders sought by the Official Receiver were made.