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Changes over time for: Section 18
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 30/09/2021.
Changes to legislation:
There are currently no known outstanding effects for the The Insolvency (England and Wales) Rules 2016, Section 18.
Changes to Legislation
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Remuneration: exceeding the fee estimateE+W
This section has no associated Explanatory Memorandum
18.30.—(1) The office-holder must not draw remuneration in excess of the total amount set out in the fees estimate without approval.
(2) The request for approval must be made—
(a)where the committee fixed the basis, to that committee;
(b)where the creditors or a class of creditors fixed the basis, to the creditors or that class of creditors;
(c)where the court fixed the basis, to the court;
and rules 18.16 to 18.23 apply as appropriate.
(3) The request for approval must specify—
(a)the reasons why the office-holder has exceeded, or is likely to exceed, the fees estimate;
(b)the additional work the office-holder has undertaken or proposes to undertake;
(c)the hourly rate or rates the office-holder proposes to charge for each part of that additional work;
(d)the time that additional work has taken or the office-holder expects that work will take;
(e)whether the office-holder anticipates that it will be necessary to seek further approval; and
(f)the reasons it will be necessary to seek further approval.
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