High Court caps liquidators' fees at RM1,000
It is clear under Act 118 that the liquidator can play an important role.
Govt mulls uniform liquidator fees and charges for buyers of abandoned private housing projects
Currently, Akmal Nasrullah said the liquidator may charge a service charge based on Companies Winding-up Rules 1972 for the services provided and the rate of charge is subject to the complexity of the liquidator's role in managing the affairs of the housing project.
Non-MDI-appointed liquidators’ fees should be pegged at RM500 too, says Bar Council’s Roger Tan
“Those agents who feel that the sum of RM500 is too meagre may opt not to accept the task,” said Seo.
Liquidators making fortune from homebuyers’ misfortune
Abu Kassim had been staying at a condominium for 12 years, diligently paying his dues.
Victims of runaway developers face double woes from exploitative liquidators
When a developer is wound up before completion of its duties and contractual obligations, a liquidator fills the void and takes on the duties of the former, such as completing the construction of the buildings or facilities left by the defunct developer, delivering vacant possession or applying for individual or strata titles, so as not to leave the purchasers in a lurch.
