In a recent application for an increase in liquidators' fees
in accordance with Practice Direction 3 of 2015 (which permits the
liquidator to appear in person before the Court without the
involvement of advocates), the Royal Court of Guernsey issued
guidance to insolvency practitioners regarding the scope and form
of the information with which the court would expect to be provided
upon such applications, so as to assist parties in the future. This
judgment note identified the following points:
1. The Court's function on such applications, concerning the
supervision of liquidators' fees, is an oversight and scrutiny
function, exercised in the interests of the creditors of the
Company. The Court, and in particular the Jurats, will therefore
wish to keep abreast of the progress of the liquidation and the
fees being charged by the liquidator(s), and to satisfy themselves
that those fees, and the future fees for which authorisation is
sought, are being reasonably incurred
