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Rule 1.28 Fees, costs, charges and expensesI1

England and Wales

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

  • rule 4.54(5-CVL) substituted for rule 4.54(5) by Insolvency 2010 Sch. 1 para. 179(5)
(1)

The fees, costs, charges and expenses that may be incurred for any of the purposes of the voluntary arrangement are—

(a)

any disbursements made by the nominee prior to the F1decision approving the arrangement taking effect under section 4A, and any remuneration for his services as such agreed between himself and the company (or, as the case may be, the administrator or liquidator);

(b)

any fees, costs, charges or expenses which—

(i)

are sanctioned by the terms of the arrangement, or

(ii)

would be payable, or correspond to those which would be payable, in an administration or winding up.

Annotations

Textual amendments

F1

Words in rule 1.28(1)(a) substituted (1.1.2003) by The Insolvency (Amendment) (No. 2) Rules 2002 (S.I. 2002/2712), rule 1(1), Sch. para. 18 (with rule 3(2))

Commencement

I1

Rule 1.28 in force at 29.12.1986, see rule 0.1