PRR, I'm reading it as a peak detector...
http://gyraf.dk/gy_pd/ssl/ssl_sch.gif
Looking at the schematic from the sidechain VCA (which has a "louder" volotage added to set the "AC threshold" by effectively varying the sidechain's audio "magnification") -and its accompanying I-to-V op-amp stage- the signal goes through a precision rectifier op-amp stage, and then a final op-amp stage which sets the gain (for ratio purposes) and a secondary DC bias to set the "DC threshold" and then compares the remaining (unipolar after the rectifier) maximum peak excursion against that. -Any peaks which overcome the DC bias (fixed slightly differently for different ratios) will pass through the diode to point 'C' and onwards to the time constant network. -So far there's been no time constants involved, and it's peaks only which have any effect.
-Or that's how I read it.
Mind you... The linked image above is just the GSSL variant... which raises the subject of the immense over-simplification of the original question in the first post: We've been told NOTHING of the requirements of this particular 'brick wall'.
In a multi-channel limiter, do you want the sum total of all 2/4/5/6 channels to be limited, or do you want all channels to be squeezed equally so that no single channel exceeds? -Is it to meet an FM stereo broadcast limitation, where both L+R and L-R must be considered, so that no part of the matrix is overmodulated? (And if neither channel may exceed, you 'd need to have TWO sidechains. -Better buy a Turbo board pronto).
Is it really peak level which counts (as is common when considering delivery medium constraints), or is it RMS (which is far more useful for power limitation, eg physical playback systems)?
Without some answers to clarify the question (if the original poster even fully understands what they want)... then... all in all we're all just another brick in the wall.