Home-News-Could a Liquidator appoint another person to assist?

Could a Liquidator appoint another person to assist?

The answer is twofold. Firstly, a Liquidator may delegate all or part of its responsibilities to his co-liquidator only.

The Liquidator or co-Liquidators, nevertheless, may appoint a representative to assist them throughout their tasks. Such delegation should be in writing and restrictive, stating the delegated tasks.

However, said representative shall have no access to the bank account of the Estate. A professional who is so appointed will have the same responsibilities as Liquidators for the tasks described.

It is also necessary that the representative's remuneration is determined at the same time as the contract is signed.