All your resources at your fingertips.Learn More
Administrators appointed out of court had to apply to court for approval of their remuneration after a majority creditor had voted against their proposals and required that the company enter creditors’ voluntary liquidation. The liquidators opposed the application. Applying the Practice Statement on the Fixing and Approval of the Remuneration of Appointees (2004), Registrar Jacques substantially allowed the administrators’ claim.
To view the full text, please log in.
To receive a FREE 14 day online trial to Insolvency Law Online click here.
"BPIR is an excellent series, of interest to both corporate and personal insolvency lawyers,...