7 Jul 2006
RE GOLDLORY RESTAURANT LTD
- Citation
- RE GOLDLORY RESTAURANT LTD
- Court
- Court of First Instance
- Case number
- HCCW294/2002
The court held that s196(2) grants the court an unfettered discretion to determine the basis of liquidator remuneration in summary s227F cases and that rule146(2) does not impose a percentage basis as the default; as a matter of practice the time cost basis should be adopted for liquidators' remuneration in summary cases and it is appropriate to provide for that basis when the summary procedure order is made.