The recent BADAS introduced not only changes to sequestration, but made some amendments to the Protected Trust Deeds (Scotland) Regulations 2013. The eagle-eyed among you will have spotted the insertion of the word “only” into Regulation 23(1). This means that for trust deeds signed on or after 1 April 2015, a trustee’s remuneration can only be structured on a fixed fee and administration fee basis. That “only” shuts the gate on other fee bases once and for all.date
https://www.insolvencysupportservices.com/wp-content/uploads/2014/12/ISS-Landscape-600-2.png 0 0 Insolvency Support Services Limited https://www.insolvencysupportservices.com/wp-content/uploads/2014/12/ISS-Landscape-600-2.png Insolvency Support Services Limited2015-07-30 13:52:592015-08-12 13:54:02It’s only an “only”, but it’s an important only!