Rule 1.22 Fees, costs, charges and expenses

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

rule 1.12-1.16E applied 2016 asp 21 s. 14B (as inserted) by Insolvency (Regulation (EU) 2015/848) 2017 reg. 4(8)
Rules applied (with modifications) by Building Society Special Administration 2009 rule 38-41
Rules applied (with modifications) by Limited Liability Partnerships 2001 reg. 6(1)
Rules specified provisions applied (with modifications) by Collective Investment in Transferable Securities (Contractual Scheme) 2013 Sch. 4

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

(a)

any disbursements made by the nominee prior to the approval of the arrangement, and any remuneration for his services as is 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.