1 Moratoriums in Great Britain
Corporate Insolvency and Governance Act 2020 (2020 c 12) | Legislation

Moratorium

1  Moratoriums in Great Britain

(1)     In the Insolvency Act 1986, before Part 1 (but within the First Group of Parts) insert—

“Part A1
Moratorium
Chapter 1
Introductory
1

(1)     This Part contains provision that enables an eligible company, in certain circumstances, to obtain a moratorium, giving it various protections from creditors set out in this Part.

(2)     In this Chapter section A2 introduces Schedule ZA1 (which defines what is meant by an “eligible” company).

(3)     Chapter 2 sets out how an eligible company may obtain a moratorium.

(4)     Chapter 3 sets out for how long a moratorium has effect.

(5)     Chapter 4 sets out the effects of a moratorium on the company and its creditors.

(6)     Chapter 5 contains provision about the monitor.

(7)     Chapter 6 contains provision about challenges.

(8)     Chapter 7 contains provision about certain offences.

(9)     Chapter 8 contains miscellaneous and general provision, including—

(a)     special provision for certain kinds of company;

(b)     definitions for the purposes of this Part;

(c)     provision about regulations under this Part.

A2 Eligible companies

Schedule ZA1 contains provision for determining whether a company is an eligible company for the purposes of this Part.

Chapter 2
Obtaining a Moratorium
3ٲԾԲ
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