OpenLegislation

Article 13A OverviewF1

(1)

This Part contains provision that enables an eligible company, in certain circumstances, to obtain a moratorium, giving it various protections from creditors set out in this Part.

(2)

In this Chapter Article 13AA introduces Schedule ZA1 (which defines what is meant by an “eligible” company).

(3)

Chapter 2 sets out how an eligible company may obtain a moratorium.

(4)

Chapter 3 sets out for how long a moratorium has effect.

(5)

Chapter 4 sets out the effects of a moratorium on the company and its creditors.

(6)

Chapter 5 contains provision about the monitor.

(7)

Chapter 6 contains provision about challenges.

(8)

Chapter 7 contains provision about certain offences.

(9)

Chapter 8 contains miscellaneous and general provision, including—

(a)

special provision for certain kinds of company;

(b)

definitions for the purposes of this Part;

(c)

provision about regulations under this Part.

Annotations

Textual amendments

F1

Pt. 1A inserted (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), ss. 4(1), 49(1) (with ss. 2(2), 5(2))

Notes on Part 1A

Modifications

C1

Pts. 1-5 modified by S.R. 2004/307 (as amended (1.10.2006) by Limited Liability Partnerships (Amendment) Regulations (Northern Ireland) 2006 (S.R. 2006/377), reg. 3, Sch. 2; (temp.) (27.4.2020 retrospective) by virtue of Corporate Insolvency and Governance Act 2020 (c. 12), Sch. 11 para. 8(1)(2), 14 (with ss. 2(2), 5(2)); (26.6.2020) by The Limited Liability Partnerships (Amendment etc.) Regulations 2020 (S.I. 2020/643), reg. 1(1), Sch. 2 (with reg. 3); (16.2.2021) by The Limited Liability Partnerships (Amendment etc.) Regulations 2021 (S.I. 2021/60), reg. 1(1), Sch. 2 (with reg. 4(2)))

C2

Pts. 1-5 applied (with modifications) (4.1.2024) by S.I. 2021/716, Sch. 1A para. 3 (as inserted by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), reg. 1(2), Sch. 1)