158 Modifications of the law of insolvency
Companies Act 1989 (1989 c 40) | Legislation

158  Modifications of the law of insolvency

[(1)     The general law of insolvency has effect in relation to—

(a)     market contracts,

(b)     action taken under the rules of [a recognised body other than a recognised central counterparty], with respect to market contracts,

(c)     action taken under the rules of a recognised central counterparty to transfer clearing member client contracts, or settle clearing member client contracts or clearing member house contracts, in accordance with the default rules of the recognised central counterparty,

(d)     where clearing member client contracts transferred in accordance with the default rules of a recognised central counterparty were entered into by the clearing member [or client] as a principal, action taken to transfer . . . client trades, or groups of client trades, corresponding to those clearing member client contracts,

(e)     action taken to transfer qualifying collateral

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Introduction to passing off

Unlike many other countries, the UK has no unfair competition law. Brand owners seeking to prevent competitors from marketing ‘copycat’ products or using misleading advertising have to rely on a combination of different intellectual property rights. These rights include the common law right to

LEXISNEXIS

VAT definition

LEXISNEXIS

Tort—the different types of tort

Tort—the different types of tortThis Practice Note identifies the main torts (bar negligence and nuisance, which are covered elsewhere in our related content) and their key characteristics. Specifically:•trespass to land•trespass to the person•privacy/defamation•liability for animals•employers'

LEXISNEXIS

A chargor (an individual) is granting a legal charge to a chargee (a company). Can an employee of the

There does not appear to be any evidence that an employee of the chargee cannot witness the chargor’s signature.Practice Note: Property deeds—use and execution of deeds in property transactions, provides guidance on who may witness the signature of a deed by an individual:‘There are certain