News & Publications - Insolvency & Recovery

Changes to the Insolvency Rules

Since 6 April 2010, the Insolvency Rules have been amended.

The 2010 Rules have made three significant changes in relation to the remuneration of Administrators.

Under the new Rules, an Administrator can:

• recover fees and costs incurred before his appointment, as an expense of the Administration;
• be remunerated for his work as an Administrator on a fixed fee basis;
• be remunerated on a different basis for different aspects of his appointment.

Pre-Appointment c... read more