Article 13BB Obtaining a moratorium for other overseas companiesF1 C1

(1)

This Article applies to an eligible company that—

(a)

is not subject to an outstanding winding-up petition, and

(b)

is an overseas company.

(2)

The directors of the company may apply to the High Court for a moratorium for the company.

(3)

The application must be accompanied by the relevant documents (for the relevant documents, see Article 13BC).

(4)

On hearing the application the Court may—

(a)

make an order that the company should be subject to a moratorium, or

(b)

make any other order which the Court thinks appropriate.

Annotations

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))

C1: Art. 13BB modified (temp.) (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), s. 49(1), Sch. 8 para. 5 (with ss. 2(2), 5(2), Sch. 8 para. 1)

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)