7 Jul 2006
RE GOLDLORY RESTAURANT LTD
- Citation
- RE GOLDLORY RESTAURANT LTD
- Court
- Court of First Instance
- Case number
- HCCW1316/2002
The court held that section 196(2) gives an unfettered discretion to fix the basis of remuneration in summary cases and that rule 146(2) does not impose the percentage basis as the default; accordingly the appropriate practice is to adopt the time cost basis for remuneration of liquidators in summary cases and to provide for that basis when a summary procedure order under s227F is made.