Fee Approval and Pitfalls (Scotland)

This course covers the legal and legislative provision, courts’ and regulators’ guidance, and how they can be employed to obtain a valid approval of IPs’ fees and expenses.

Description

Regulatory and judicial attention is never far away from the topic of insolvency practitioners' fees. In Scotland we rarely work with a committee or a commissioner, and invariably a Court Reporter or the Accountant in Bankruptcy is appointed to approve our fees and expenses. This can still present a time-consuming and expensive challenge, so how do we get it right?

In this course we will look at the legal and legislative provision, the guidance provided by the courts and the regulators and how these can be put into practice to obtain a valid approval. We will also consider the implications of failing to do so.

CPD Learning Outcomes

  • Recap and refresh your understanding of the legal and regulatory requirements in personal and corporate insolvency
  • Consider the pros and cons of alternative methods of obtaining fee approval
  • Examine regulatory outcomes and the leading cases in the area of practitioner remuneration
  • Discuss the difficulties in obtaining fee approval and how these might be surmounted
  • Develop effective communication techniques to improve creditor engagement

Who Should Attend

This course is intended for insolvency practitioners and those case personnel engaged in implementation of report writing and fee approval processes.

Cost

Half day course: £165 + VAT per person

50% reduction for third delegate booking the course.