In its order on Thursday, the regulator clarified the fees must be calculated separately based on proceeds generated from asset sales and as a share of the liquid assets distributed to its stakeholders. Liquidators are eligible for a higher fee for selling a company's assets as per existing rules, but the regulator clarified the two components must not be merged.
The clarification follows instances of different interpretations by liquidators to compute their fees, leading to discrepancies among distressed companies and, in some cases, triggering investigations into their affairs.
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