The Insolvency (England and Wales) Rules 2016—Part 18: Changes to reporting by and remuneration of office-holders [Archived]
Produced in partnership with Peter Shaw, QC of 9 Stone Buildings
The Insolvency (England and Wales) Rules 2016—Part 18: Changes to reporting by and remuneration of office-holders [Archived]

The following Restructuring & Insolvency practice note produced in partnership with Peter Shaw, QC of 9 Stone Buildings provides comprehensive and up to date legal information covering:

  • The Insolvency (England and Wales) Rules 2016—Part 18: Changes to reporting by and remuneration of office-holders [Archived]
  • Structure
  • Practical changes to reporting of office-holders
  • Progress reports
  • Requests for further information
  • Reporting distributions of property
  • Final accounts (winding up) and Final reports (bankruptcy)
  • Practical changes to remuneration of office-holders
  • General principles
  • Increases in remuneration
  • More...

ARCHIVED: This Practice Note has been archived and is not maintained.

The Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024 were laid before Parliament on 25 October 2016 and came into force from 6 April 2017. They are intended to consolidate the Insolvency Rules 1986 (IR 1986), SI 1986/1925 and all statutory instruments amending the IR 1986, SI 1986/1925 (which are all repealed), modernise and simplify the language used, and incorporate changes made in the law. For materials on reporting and remuneration of office-holders under the law prior to 6 April 2017, see: Remuneration and fees of an insolvency office-holder—overview, and Roles, powers, duties and functions of an insolvency office-holder—overview.

The IR 2016, SI 2016/1024 are accompanied by an Explanatory Memorandum (prepared by the Department for Business, Energy & Industrial Strategy in conjunction with the Insolvency Service) which, although not forming part of the IR 2016, SI 2016/1024 (and not approved by Parliament), may assist the reader in understanding them.

Being the single largest change to insolvency law in a generation, we have produced a series of Practice Notes describing most of the individual Parts of the IR 2016, SI 2016/1024 summarising what changes there are, and also where there are no changes other than new rule numbers.

In addition, the Insolvency Amendment (EU 2015/848) Regulations 2017, SI 2017/702 were laid before Parliament on 23

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