Section 1 Moratorium where directors propose voluntary arrangement.I1

Schedule 1 (which—

(a)

enables the directors of a company to obtain an initial moratorium for the company where they propose a voluntary arrangement under Part I of the M1Insolvency Act 1986,

(b)

makes provision about the approval and implementation of such a voluntary arrangement where a moratorium is obtained, and

(c)

makes consequential amendments),

is to have effect.

Annotations

Marginal citations

M1: 1986 c. 45.

Commencement

I1: S. 1 wholly in force at 1.1.2003; s. 1 not in force at Royal Assent see s. 16(1); s. 1 in force for specified purposes at 11.5.2001 by S.I. 2001/1751, art. 2; S. 1 in force at 1.1.2003 insofar as not already in force by S.I. 2002/2711, art. 2 (subject to transitional provisions in arts. 3-5)