# The Deregulation Act 2015 and Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) (Savings) Regulations 2017, Paragraph 5: Insolvent Partnerships Order 1994


(1) Part 2 of Schedule 1 (modified provisions of Schedule A1 to the Insolvency Act 1986) is amended as follows.
(2) In paragraph 37 as there modified—
(a) in sub-paragraph (2)(a) for “creditors’ meeting” substitute “time the creditors decided to approve the voluntary arrangement”;
(b) in sub-paragraph (2)(b)(i) for the words from “at that” to “it)” substitute “in the qualifying decision procedure by which the creditors’ decision to approve the voluntary arrangement was made”;
(c) in sub-paragraph (2)(b)(ii), for “it” substitute “the procedure”; and
(d) in sub-paragraph (5)(a)—
(i) omit “of the meetings”; and
(ii) after “30(3)” insert “and (4)”.
(3) In paragraph 40(5) as there modified—
(a) in paragraph (c), omit “creditors or”; and
(b) after paragraph (c) insert—
“(ca) require a decision of the partnership’s creditors to be sought (using a qualifying decision procedure) on such matters as the court may direct,”.

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Source: https://www.legislation.gov.uk/ukdsi/2017/9780111155059/schedule/2/paragraph/5 (the official version)
Page: https://openlegislation.uk/draft-deregulation-act-2015-and-small-business-enterprise-and-employment-act-2015-consequential-amendments-savings-regulations-2017/schedule-2/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.