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Insolvency Practice Rules (Bankruptcy) 2016
42‑20 Conflict of interest42‑20 Conflict of interest
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42‑20 Conflict of interest
If, during an administration, it becomes apparent that the registered trustee has an actual or potential conflict of interest in relation to the administration, the trustee must, as soon as practicable after becoming aware of the conflict of interest: (a) notify the creditors, the person who appointed the trustee, a committee of inspection or the Court, as appropriate, of the conflict of interest; and (b) take appropriate steps to avoid the conflict of interest.