Administrator’s remuneration: basis of remuneration
This section has no associated Explanatory Memorandum
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.