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Section 2: Remuneration of the administrator, the administrator responsible for the implementation of the plan, the mandataire judiciaire and the liquidator

Article R663-3 of the French Commercial code

I.-The emoluments of the court-appointed administrator are, for the performance of the duties resulting from the application of Titles II to IV of Book VI of the legislative part of this code, subject to the rules set out in the following articles. II.-For the purposes of this section: a) The amount of turnover is defined exclusive of tax in accordance with the provisions of the sixth paragraph of Article D….

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Article R663-4 of the French Commercial code

It is allocated to the court-appointed administrator, for due diligence relating to the diagnosis of the safeguard or receivership proceedings in respect of which he has been appointed, an emolument determined by an order made pursuant to Article L. 444-3 on the basis of the number of employees employed by the debtor or its turnover. However, when the balance sheet total mentioned in b of II of Article R. 663-3…

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Article R663-5 of the French Commercial code

The court-appointed administrator shall be allocated, in respect of a mission to assist the debtor during a safeguard or receivership procedure, an emolument determined by an order made pursuant to Article L. 444-3 in consideration of the debtor’s turnover. Above €20,000,000, the provisions of Article R. 663-13 are applicable.

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Article R663-7 of the French Commercial code

A court-appointed administrator shall be allocated, in respect of a mission to administer the company during receivership or compulsory liquidation proceedings, the emolument provided for in Article R. 663-5 increased by 50%. If, pursuant to Article L. 631-12, the court-appointed administrator is assisted, for the management of the business, by one or more experts, the increase provided for in the first paragraph is not due.

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Article R663-8 of the French Commercial code

The remuneration provided for in articles R. 663-5, R. 663-6 and R. 663-7 is acquired when the court has either terminated the safeguard or recovery proceedings pursuant to articles L. 622-12 or L. 631-16, either ruled on the safeguard or reorganisation plan, or pronounced the compulsory liquidation of the debtor during safeguard or reorganisation proceedings. It is also acquired, in compulsory liquidation proceedings, when the court has ordered the sale…

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Article R663-9 of the French Commercial code

It is allocated to the court-appointed administrator, for the preparation of the economic, social and environmental report and the assistance provided to the debtor for the preparation of a safeguard or recovery plan, an emolument determined by an order made pursuant to Article L. 444-3 according to the number of employees employed by the debtor or its turnover. However, when the balance sheet total mentioned in b of II of…

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Article R663-10 of the French Commercial code

The court-appointed administrator shall be allocated, in respect of the constitution of classes of affected parties and the preparation of voting operations, an emolument which may not be less than an amount set by an order made pursuant to Article L. 444-3, as well as another fee determined by an order made pursuant to the same article, based on the amount of claims taken into account pursuant to Article R….

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Article R663-11 of the French Commercial code

It is allocated to the court-appointed administrator, in the event of the adoption of a transfer plan in the course of receivership or compulsory liquidation proceedings, an emolument determined by an order made pursuant to Article L. 444-3, in consideration of the total amount excluding tax of the transfer price of all the assets included in the plan. This remuneration is earned only upon proof of the execution of all…

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Article R663-12 of the French Commercial code

The court-appointed administrator shall be allocated a fee calculated on the amount of the increase in shareholders’ equity provided for by a safeguard or recovery plan and set under the same conditions as that provided for in Article R. 663-11. This remuneration is earned only upon proof of payment of these funds.

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