Recently the Supreme Court of the Commonwealth of The Bahamas handed down a comprehensive Ruling on the issue of costs in liquidation proceedings – In the Matter of Rural International Bank Limited – 2013/COM/bnk/0088. This helpful decision clarifies the position relating to the taxation of costs in insolvency proceedings in The Bahamas, the entitlement to costs of the attorney of the Liquidation Committee and the treatment of Calderbank offers within the context of insolvency proceedings.