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Code Of Organization And Civil Procedure (Cap. 12) Fees Of Licensed Auctioneers Or Brokers In Judicial Sales By Auction Regulations, 2009 (L.N. 4 Of 2009 )

CODE OF ORGANIZATION AND CIVIL PROCEDURE (CAP. 12)Fees of Licensed Auctioneers or Brokersin Judicial Sales by Auction Regulations, 2009

IN EXERCISE of the powers conferred by article 319(4) of the Code of Organization and Civil Procedure (Cap. 12), the Minister responsible for Justice has made the following regulations:-

Citation. 1. The title of these regulations is the Fees of Licensed

Auctioneers or Brokers in Judicial Sales by Auction Regulations,
2009.

Fees payable. Cap. 12.

(a) in the case of an auction of immovable property, of rights annexed to such immovable property, of ships and of
commercial going concerns ............ zero point two per cent of the value of the item sold,
solely from the purchaser;
and
(b) in the case of an auction
of movable items ............................ zero point one per cent of the value of the item sold, solely from the purchaser:
Provided that the parties may, in writing, agree that the licensed auctioneer or broker, as the case may be, be paid different fees, not being less than those provided for in paragraphs (a) and (b), and in such proportions as they may so agree in writing.

Ippubblikat mid-Dipartiment tal-Informazzjoni (doi.gov.mt) Valletta - Published by the Department of Information - (doi.gov.mt) - Valletta

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