Regulation 20
Fees, costs, charges and expenses of voluntary arrangement
of Insolvency, Restructuring and Dissolution (Voluntary Arrangements) Regulations 2020
Subsidiary LegislationIn forceProvision 20 of 20
Regulation 20
The fees, costs, charges and expenses that a nominee may incur in connection with a voluntary arrangement are —
(a)
any disbursements made by the nominee prior to the approval of the nominee’s appointment;
(b)
any remuneration for the services of the nominee as agreed between the nominee and the debtor in question; and
(c)
any fees, costs, charges or expenses which —
(i)
are sanctioned by the terms of the voluntary arrangement; or
(ii)
would be payable, or correspond to those which would be payable, in the event of the debtor’s bankruptcy.