Rule 18 Amendment of Part 2I1

After Rule 2.068 insert—

“Priority of moratorium debts in subsequent administration

2.068ZA

Where paragraph 65A(1) of Schedule B1 to the Order applies, the moratorium debts and priority pre-moratorium debts mentioned in paragraph 65A(2) of that Schedule are payable in the following order of priority—

(a)

amounts payable in respect of goods or services supplied during the moratorium under a contract where, but for Article 197B(3) or (4)^f1, the supplier would not have had to make that supply;

(b)

wages or salary arising under a contract of employment, so far as relating to a period of employment before or during the moratorium;

(c)

other debts or other liabilities apart from the monitor’s remuneration or expenses; and

(d)

the monitor’s remuneration or expenses.”.