PART 18REPORTING AND REMUNERATION OF OFFICE-HOLDERS

CHAPTER 4Remuneration and expenses in administration, winding up and bankruptcy

Remuneration: procedure for initial determination in a bankruptcy18.21

1

This rule applies to the determination of the office-holder’s remuneration in a bankruptcy.

2

It is for the committee to determine the basis of remuneration.

3

If the committee fails to determine the basis of the remuneration or there is no committee then the basis of the remuneration may be fixed by a decision of the creditors by a decision procedure.