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Article 2 Transitional provisions

Original text. Later amendments are not shown.

(1)

Where an insolvency event to which this Rule applies occurs before 3rd September 2015, the principal Rules shall continue to apply until 3rd September 2016 as if, the amendment made by Rule 29 of these Rules had not been made.

(2)

An insolvency event to which this Rule applies occurs where—

(a)

in relation to a company—

(i)

a moratorium under a company voluntary arrangement comes into force;

(ii)

the company enters administration;

(iii)

a receiver or manager is appointed;

(iv)

a resolution for a voluntary winding up is passed; or

(v)

a winding up petition is presented to the court; and

(b)

in relation to an individual a bankruptcy petition is presented to the court.