Section 109 Voluntary arrangements of members of insolvent partnershipI1

In Article 5 of the 1995 Order, after paragraph (2) insert—

“(3)

Where Part 2 of the Order applies to a corporate member of an insolvent partnership by virtue of paragraph (1), Articles 208ZE and 208ZF of the Order, insofar as they relate to company voluntary arrangements, apply in relation to that corporate member, with the modification that any reference to creditors of the company includes a reference to the creditors of the partnership.

(4)

Where Chapter 2 of Part 8 of the Order applies to an individual member of an insolvent partnership by virtue of paragraph (1), Articles 345A and 345B of the Order, insofar as they relate to individual voluntary arrangements, apply in relation to that individual member, with the modification that any reference to creditors of the individual includes a reference to the creditors of the partnership.”.