7 Jul 2006
RE GOLDLORY RESTAURANT LTD
- Citation
- RE GOLDLORY RESTAURANT LTD
- Court
- Court of First Instance
- Case number
- HCCW504/2001
The court held that section 196(2) and rule 146(2) give the court an unfettered discretion to determine the basis of remuneration of liquidators in summary cases; rule 146(2) does not impose the Official Receiver's percentage scale as the default and there is no requirement to show special circumstances to adopt a time cost basis; as a matter of practice the court will adopt the time cost basis for remuneration in summary (s227F) cases and it is appropriate to provide for that basis when making the summary procedure order.