The Insolvency (Scotland) (Company Voluntary Arrangements and Administration) Rules 2018 No. 1082 (S. 4)

PART 3 ADMINISTRATION

CHAPTER 14 Reporting and Remuneration

Administrator’s remuneration: basis of remuneration

3.97.—(1) The basis of the administrator’s remuneration must be fixed—

(a) as a percentage of the value of the company’s property with which the administrator has to deal;

(b) by reference to the work which was reasonably undertaken by the administrator and the administrator’s staff in attending to matters arising in the administration; or

(c) as a set amount.

(2) The basis of remuneration may be one or a combination of the bases set out in paragraph (1) and different bases or percentages agreed may be fixed in respect of different things done by the administrator or administrator’s staff.