Rule 267 Applications for costsI1

This rule applies where a party to, or person affected by, any proceedings in the special administration applies to the court for an order allowing their costs, or part of them, incidental to the proceedings, and that application is not made at the time of the proceedings.

The person concerned must serve a sealed copy of the application on the administrator.

The administrator may appear on an application.

No costs of or incidental to the application are to be allowed to the applicant unless the court is satisfied that the application could not have been made at the time of the proceedings.

The court shall specify in the order whether such costs are to be paid out of the investment bank’s estate or out of the client assets.