Supreme People's Court, Provisions for Determining the Remuneration of Administrators for Trials of Enterprise Bankruptcies
最高人民法院关于审理企业破产案件确定管理人报酬的规定
May 02, 2007 | BY
clpstaff &clp articles &Remuneration of administrators determined according to the value of property in the final repayment by the debtor.
Promulgated: April 12 2007
Effective: June 1 2007
Main Contents: The people's court shall determine the remuneration of the administrators in enterprise bankruptcies according to the total property value in the final repayment by the debtor, based on the respective percentage for the following ranges:
(1) 12% or less where the amount is Rmb1 million or less;
(2) 10% or less where the amount is within the range of Rmb1 million and Rmb5 million (inclusive);
(3) 8% or less where the amount is within the range of Rmb5 million and Rmb10 million (inclusive);
(4) 6% or less where the amount is within the range of Rmb10 million and Rmb50 million (inclusive);
(5) 3% or less where the amount is within the range of Rmb50 million and Rmb100 million (inclusive);
(6) 1% or less where the amount is within the range of Rmb100 million and Rmb500 million (inclusive); or
(7) 0.5% or less where the amount exceeds Rmb500 million (Article 2).
Related Legislation: PRC Enterprise Bankruptcy Law, Aug 27 2006, CLP 2006 No.8 p.39
clp reference:2500/07.04.12(2)promulgated:2007-04-12effective:2007-06-01This premium content is reserved for
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