← belizelaw.ai · Domestic Banks And Financial, Cap. 263 · PART XI — Winding-up of Licensees

Miscellaneous liquidation provisions

Cap. 263, s. 119 · Revised Edition 2020

Professional employees appointed to represent or assist a liquidator or the Central Bank in connection with a liquidation shall not be paid amounts greater than are payable to employees or agents of licensees for similar services, except that the Central Bank may authorize payment at higher rates, if the Central Bank determines that paying such higher rates is necessary in order to recruit and retain necessary personnel.
Have a question about this section? Ask belizelaw.ai →