February 2012

CHAPTER 32.4 SPECIAL MANAGERS

INTRODUCTION

32.4.1 Introduction

This chapter provides information and guidance on the appointment of a special manager.  A special manager is appointed by the court on the application of an office-holder to manage the business or property of a company or debtor when: 

• A provisional liquidator has been appointed.
• A company has gone into liquidation.
• An interim receiver has been appointed.
• A bankruptcy order has been made and the official receiver is acting as trustee or receiver and manager.

Guidance on provisional liquidations is given in Chapter 2, and on interim receivers in Chapter 2A.

This chapter is divided into 4 parts as follows:

Part 1 - Application for and appointment of special managers (paragraphs 32.4.2 to 32.4.22)

Part 2 - Powers and duties of special manager (paragraphs 32.4.23 to 32.4.29)

Part 3 - Security, supervision and fees of special manager (paragraphs 32.4.30 to 32.4.49)

Part 4 - Termination of appointment of special manager (paragraphs 32.4.50 to 32.4.59)

The following abbreviations are used in this chapter;

[on to Part 1 – Application for and appointment of special managers]