Article 3 Transitional provisions

(1)

This Rule applies in any case where before the commencement date—

(a)

a winding-up order is made or a resolution for the winding up of the company is passed and the liquidator is entitled to remuneration by virtue of Rule 4.127(6), Rule 4.128(1) or Rule 4.148A(4); or

(b)

a bankruptcy order is made and the trustee is entitled to remuneration by virtue of Rule 6.138(6) or Rule 6.139(1).

(2)

In a case to which this Rule applies the liquidator or, as the case may be, the trustee shall continue to be entitled to remuneration on the basis that—

(a)

the amendments made to the principal Rules by these Rules do not apply; and

(b)

the amendments made to the Insolvency Regulations 1994^f1 by the Insolvency (Amendment) Regulations 2004^f2 had not been made.

Annotations

Footnotes

f1: S.I. 1994/2507 amended by S.I. 2000/485, S.I. 2001/762, S.I. 2001/3649 and S.I. 2003/1633.
f2: S.I. 2004/472.