SCHEDULE 5 Moratoriums in Northern Ireland: Eligible Companies
Corporate Insolvency and Governance Act 2020 (2020 c 12) | Legislation

SCHEDULE 5 Moratoriums in Northern Ireland: Eligible Companies

Section 4(2)

In the Insolvency (Northern Ireland) Order 1989, before Schedule A1 (which is repealed by Schedule 7 to this Act) insert—

“SCHEDULE ZA1
Moratorium: Eligible Companies
Article 13AA

Eligible companies

1

A company is “eligible†for the purposes of this Part unless it is excluded from being eligible by any of the following—

paragraph 2 (current or recent insolvency procedure);

paragraph 3 (insurance companies);

paragraph 4 (banks);

paragraph 5 (electronic money institutions);

paragraph 6 (investment banks and investment firms);

paragraph 7 (market contracts, market charges, etc);

paragraph 8 (participants in designated systems);

paragraph 9 (payment institutions);

paragraph 10 (operators of payment systems, infrastructure providers etc);

paragraph 11 (recognised investment exchanges, clearing houses and CSDs);

paragraph 12 (securitisation companies);

paragraph 13 (parties to capital market arrangements);

paragraph 15 (public-private partnership project companies);

paragraph 18 (certain overseas companies).

Companies subject to, or recently subject to, moratorium or an insolvency procedure

2

(1)     A company is excluded from being eligible if—

(a)     on the filing date, a moratorium for the company is in force, or

(b)     at any time during the period of 12 months

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