MASTER OF THE HIGH COURT: Liquidations
   
 

Criteria for inclusion in the Panel of Liquidators

The procedures to determine whether a person (hereinafter called "candidate) is suitable to be appointed to the said offices, are as follows:

  • A candidate must apply for his/her name to be entered in the register and he/she must declare that he/she is prepared to serve in the said offices.  This application to the Master must be on the candidate's official letterhead and personally signed.

  • If the candidate is not self employed and in the employment of a firm of liquidators/attorneys/chartered accountants, etc.  the application must be made by the management/members of that organisation..

  • The application must be supported by a comprehensive curriculum vitae of the candidate, duly supported with certified copies of relevant qualifications, testimonials etcetera and signed by the candidate.

  • If a candidate is/was employed by a principal whose name does in fact appear in the register the application must be accompanied by a report on each of the matters to which the candidate administered on behalf of the principal, as well as a summary of the aspects of the administration which that candidate is/was responsible.  The candidature must be supported by that principal.

  • If a candidate is a practicing attorney or accountant practicing in a partnership / corporation / etc., his/her partners/co-members / etc must agree to the application in writing and confirm that membership to the said register is not against any agreement between the parties.

  • The candidate should declare all his/her business / occupational activities and declare that such activities will not put a strain on his/her ability to attend to his/her duties as appointee in insolvency and liquidation matters, especially when urgent attention is required.

  • All candidates are required to prove that they have the necessary infrastructure ate their disposal to properly attend to all duties attached to the said offices.

  • If the name of the candidate already appears in the register of a Master of the High Court of another provincial division, the said Master must confirm that fact in writing.  That Master should also support the candidate's candidature.

  • All candidates are required to submit proof that they are in a position to lodge security to the Master's satisfaction for the proper performance of his/her duties in the said offices.

  • Candidates must satisfy the Master that they command the necessary applicable knowledge and experience to execute their duties.  Specialised knowledge and qualifications will act as a strong recommendation.

  • Since a successful candidate will generally only be appointed in a co-capacity with an experienced practitioner  for a time (depending on the candidate's proven record), the candidate must submit the name of an experienced insolvency practitioner with his/her written confirmation, who is prepared to act jointly with him/her.  It should be noted that the candidate must attend to the daily administration of the matters him-/herself in order to qualify for sole appointments at a later stage.

  • On receipt of the above the candidature of the candidate will be provisionally considered, whereafter the Master will call upon the candidate to appear before him/her for a final evaluation of the candidate's suitability.