SCHEDULE 7 Moratoriums in Northern Ireland: Further Amendments
Corporate Insolvency and Governance Act 2020 (2020 c 12) | Legislation

SCHEDULE 7 Moratoriums in Northern Ireland: Further Amendments

Section 5

The Insolvency (Northern Ireland) Order 1989

1

The Insolvency (Northern Ireland) Order 1989 is amended as follows.

2

In each of the following places, for “Parts II to VII†substitute “Parts 1A to 7â€â€”

the heading before Article 5;

Article 5(1);

Article 6(1) and (2);

Article 7;

Article 8;

the heading before Parts 2 to 7;

Article 315(6);

Article 366(1);

Article 374(1).

3

In Article 2(2), in the definition of “regulationsâ€â€”

(a)     after “(except in†insert “Part 1A, Article 148A(6),â€;

(b)     omit “and paragraph 16 of Schedule A1â€.

4

(1)     Article 3 (meaning of “act as insolvency practitionerâ€) is amended as follows.

(2)     In paragraph (1)(a), for “or administrative receiver†substitute “, administrative receiver or monitorâ€.

(3)     In paragraph (4), at the appropriate place insert—

““monitor†has the same meaning as in Part 1A (moratorium).â€

5

In Article 6 (meaning of “insolvency†etc), in paragraph (1), after “includes†insert “the coming into force of a moratorium for the company under Part 1A,â€.

6

Omit Article 14A (moratorium where directors propose voluntary arrangement).

7

In Article

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