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Amendment of section 444 of Principal Act
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28. Section 444 of the Principal Act is amended by the insertion of the following subsection after subsection (2):
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“(2A) In fixing the amount to be paid by way of remuneration to a receiver under subsection (2), the court shall take the following into account:
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(a) the time properly required to be given by the person as receiver and by his or her assistants in attending to the company’s affairs;
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(b) the complexity (or otherwise) of the case;
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(c) any respects in which, in connection with the company’s affairs, there falls on the receiver any responsibility of an exceptional kind or degree;
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(d) the effectiveness with which the receiver appears to be carrying out, or to have carried out, his or her duties;
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(e) the value and nature of the property with which the receiver has to deal.”.
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