# The Legislative Reform (Insolvency) (Individual Voluntary Arrangements) Order 2008, Article 5: Transitional provisions relating to amendments to Part 8 of the Insolvency Act 1986


(1) In this article—
“a proposal for a voluntary arrangement” means a proposal under Part 8 of the Act, by a debtor to his creditors for a composition in satisfaction of his debts or a scheme of arrangement of his affairs;
“former provisions” means the provisions of the Act as they were prior to the amendments made by this Order.
(2) Where a proposal for a voluntary arrangement is made to a nominee under section 256A of the Act prior to the day on which this Order comes into force, the former provisions relevant to a proposal under that section shall continue to apply to it.

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Source: https://www.legislation.gov.uk/ukdsi/2008/9780110845845/article/5 (the official version)
Page: https://openlegislation.uk/draft-legislative-reform-insolvency-individual-voluntary-arrangements-order-2008/article-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.