# Insolvency (Amendment) Act (Northern Ireland) 2026, Section 18: Effect of approval

Extent: N.I.
Status: prospective

(1) Article 18 (effect of approval) is amended as follows.
(2) In paragraph (2)—
(a) in sub-paragraph (a), for “at the creditors’ meeting, and” substitute
“—
(i) at the time the creditors decided to approve the voluntary arrangement, or
(ii) where the decision has effect as a result of an order of the High Court under Article 17A(6)(a), at the time the meeting of the company decided to approve the voluntary arrangement, and”;
(b) in sub-paragraph (b)(i), for the words from “at that” to “it)” substitute “in the qualifying decision procedure by which the creditors decided on whether to approve the arrangement”;
(c) in sub-paragraph (b)(ii), for “it” substitute “that procedure”.
(3) For paragraph (4)(a) substitute—
“(a) at any time before the end of the period of 28 days beginning with the day on which the reporting requirement in Article 17 is met, or”.
(4) After paragraph (4) add—
“(5) For the purposes of paragraph (4)(a), the day on which the reporting requirement is met is—
(a) if the reports required by Article 17(6) and (6A) are made to the High Court on the same day, that day;
(b) if those reports are made on different days, the later of them.”.

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Source: https://www.legislation.gov.uk/nia/2026/6/section/18 (the official version)
Page: https://openlegislation.uk/insolvency-amendment-act-northern-ireland-2026/section-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.