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Paragraph 10

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Article 18 (effect of approval of voluntary arrangement) is amended as follows.

(2)

In paragraph (3), for “paragraph (4)” substitute “ paragraphs (3A) and (4) ”.

(3)

After paragraph (3) insert—

“(3A)

Where immediately before the voluntary arrangement took effect a moratorium for the company was in force under Part 1A and a petition for the winding up of the company, other than an excepted petition within the meaning of Article 13DB, was presented before the beginning of the moratorium, the High Court must dismiss the petition.”

(4)

In paragraph (4) after “paragraph (3)(a)” insert “ or dismiss a petition under paragraph (3A) ”.