Decree No. 277 / 1996 Coll.
Decree of the Ministry of Justice amending and supplementing Decree of the Ministry of Justice of the Czech Republic No. 476 / 1991 Coll., implementing certain provisions of the Act on bankruptcy and settlement, as amended
Valid
Order
Effective from 14.11.1996
Text versions:
14.11.1996
277
DECLARATION
Ministry of Justice
of 24 October 1996
amending and supplementing Decree No. 476 / 1991 Coll. of the Ministry of Justice of the Czech Republic implementing certain provisions of the Act on bankruptcy and settlement, as amended
According to § 71 (a) of Act No. 328 / 1991 Coll., on bankruptcy and settlement, hereinafter "the Act ', the Ministry of Justice provides:
Decree of the Ministry of Justice of the Czech Republic No. 476 / 1991 Coll., implementing certain provisions of the Act on bankruptcy and settlement, as amended by Decree No. 37 / 1992 Coll. and Decree No. 583 / 1992 Coll., is amended as follows:
1. the words "and commercial lawyers" shall be deleted from Paragraph 2 (1) (a).
2. In Paragraph 3 (2), the words "or in the list of commercial lawyers maintained by the Chamber of Commercial Lawyers of the Czech Republic" are deleted.
3. In Paragraph 4 (3), the words "Chamber of Commercial Lawyers, if it is a commercial lawyer," are deleted.
4. In Paragraph 5 (2), the words "or Chamber of Commercial Lawyers of the Czech Republic" are deleted.
5. Sections 6 and 7, including the title, read:
"Remuneration of administrators
The remuneration of the trustee, which falls under the law, shall be determined in accordance with § 7 to 8.
(1) The remuneration of the liquidator, the agent of the administrator and the special administrator (hereinafter referred to as the "bankruptcy remuneration") shall consist of the sum of the remuneration of the amount which has been achieved by the liquidation of the liquidator referred to in paragraph 2 and the remuneration of the amount intended to satisfy the claims of the insolvency creditors referred to in paragraph 3.
(2) The remuneration of the amount recovered by the winding-up of the insolvency practitioner shall be:
| do 300 000 Kč | 10 000 Kč |
| z přebývající částky až do 3 000 000 Kč | 2 % |
| z přebývající částky až do 40 000 000 Kč | 1 % |
| z přebývající částky až do 50 000 000 Kč | 0,5 % |
| z přebývající částky až do 250 000 000 Kč | 0,1 % |
| z přebývající částky nad 250 000 000 Kč | 0,05 %. |
(3) The remuneration of the amount to be recovered from the insolvency creditors shall be:
| do 1 000 000 Kč | 10 % |
| z přebývající částky až do 10 000 000 Kč | 5 % |
| z přebývající částky až do 50 000 000 Kč | 2 % |
| z přebývající částky až do 100 000 000 Kč | 1 % |
| z přebývající částky nad 100 000 000 Kč | 0,5 %.“. |
6. The following Section 7a is inserted after Section 7:
The basis for determining the remuneration of the equalisation trustee (hereinafter referred to as the "compensation remuneration ') shall be the amount intended to satisfy creditors' claims. The compensation shall be made out of the amount:
| do 250 000 Kč | 20 %, nejméně však 10 000 Kč |
| z přebývající částky až do 1 000 000 Kč | 15 % |
| z přebývající částky až do 5 000 000 Kč | 8 % |
| z přebývající částky až do 10 000 000 Kč | 5 % |
| z přebývající částky až do 50 000 000 Kč | 2,5 % |
| z přebývající částky až do 100 000 000 Kč | 1 % |
| z přebývající částky až do 250 000 000 Kč | 0,5 % |
| z přebývající částky až do 500 000 000 Kč | 0,25 % |
| z přebývající částky nad 500 000 000 Kč | 0,1 %.“. |
7.
If a special administrator has been appointed pursuant to Article 9 (1) of the Act, the court will increase the remuneration provided for in Article 7 accordingly by a maximum of one quarter. '
8. The following Section 8a is inserted after Section 8:
If the bankruptcy remuneration or compensation remuneration cannot be determined in accordance with the procedure laid down in paragraphs 7 and 7a, the court shall determine the amount of the remuneration, taking into account the extent of the activity of the administrator. '
9. Paragraph 9 (3) is deleted.
Paragraph 6 to 8a shall also apply to determine the remuneration of AIFMs in bankruptcy and settlement proceedings initiated before the date of application of this Order.
This decree shall take effect on the day of its publication.
Minister:
JUDr. Kalvoda v. r.
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Regulation Information
| Citation | Decree of the Ministry of Justice No. 277 / 1996 Coll., amending and supplementing Decree of the Ministry of Justice of the Czech Republic No. 476 / 1991 Coll., implementing certain provisions of the Act on bankruptcy and settlement, as amended |
|---|---|
| Regulation Type | Order |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 14.11.1996 |
|---|---|
| Effective from | 14.11.1996 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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