Review of remunerationE+W
This section has no associated Explanatory Memorandum
168.—(1) Where, after the basis of the administrator’s remuneration has been fixed, there is a material and substantial change in the circumstances which were taken into account in fixing it, the administrator may request that it be changed.
(2) The request must be made—
(a)where the creditors’ committee fixed the basis, to the committee;
(b)where the creditors and customers fixed the basis, to the creditors and customers;
(c)where the court fixed the basis, by application to the court;
and this Chapter applies as appropriate.
(3) Any change in the basis for remuneration applies from the date of the request under paragraph (1) and not for any earlier period.
Commencement Information
I1Rule 168 in force at 12.11.2021, see rule 2