Commentary

152 Review of remuneration requested by administrator

BANKRUPTCY AND INSOLVENCY (CORPORATE INSOLVENCY) vol 3(3)
| Commentary

152 Review of remuneration requested by administrator

| Commentary

152 Review of remuneration requested by administrator

Rule 18.29 of the Insolvency (England and Wales) Rules 20161(the ‘2016 Rules’) provides that where, after the basis of the administrator’s remuneration has been fixed, there is a material and substantial change in the circumstances which were taken into account in fixing it, the administrator may request that it be changed. The request must be made2:

  1. 152.1

        Where the creditors’ committee fixed the basis, to the committee;

  2. 152.2

        Where the creditors fixed the basis, to the creditors; and

  3. 152.3

        Where the court fixed the basis, by application to

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