{
  "url": "https://openlegislation.uk/insolvency-northern-ireland-order-1989/schedule-B1/paragraph-1",
  "json_url": "https://openlegislation.uk/insolvency-northern-ireland-order-1989/schedule-B1/paragraph-1.json",
  "legislation": "nisi/1989/2405",
  "legislation_title": "The Insolvency (Northern Ireland) Order 1989",
  "legislation_url": "https://openlegislation.uk/insolvency-northern-ireland-order-1989",
  "path": "schedule/B1/paragraph/1",
  "kind": "paragraph",
  "number": "1",
  "heading": null,
  "text": "(1) In this Schedule—\n“administrative receiver” has the meaning given by Article 5(1),\n“administrator” has the meaning given by paragraph 2 and, where the context requires, includes a reference to a former administrator,\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n“correspondence” includes correspondence by telephonic or other electronic means,\n“creditors' meeting” has the meaning given by paragraph 51,\n“enters administration” has the meaning given by paragraph 2,\n“floating charge” means a charge which is a floating charge on its creation,\n“in administration” has the meaning given by paragraph 2,\n“hire-purchase agreement” includes a conditional sale agreement, a chattel leasing agreement and a retention of title agreement,\n“holder of a qualifying floating charge” in respect of a company's property has the meaning given by paragraph 15,\n“market value” means the amount which would be realised on a sale of property in the open market by a willing vendor,\n“the purpose of administration” means an objective specified in paragraph 4, and\n“unable to pay its debts” has the meaning given by Article 103.\n(1A) In this Schedule, “company” means—\n(a) a company registered under the Companies Act 2006 in Northern Ireland,\n(b) a company incorporated in an EEA State ..., or\n(c) a company not incorporated in an EEA State but having its centre of main interests either in a member State other than Denmark or in the United Kingdom.\n(1B) In sub-paragraph (1A), in relation to a company, “centre of main interests” has the same meaning as in Article 3 of the EU Regulation.\n(2) A reference in this Schedule to a thing in writing includes a reference to a thing in electronic form.\n(3) In this Schedule a reference to action includes a reference to inaction.",
  "extent": "N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. B1 inserted (27.3.2006) by Insolvency (Northern Ireland) Order 2005 (S.I. 2005/1455 (N.I. 10)), arts. 1(3), 3(2), Sch. 1 (with art. 4); S.R. 2006/21, art. 2 (with S.R. 2006/22, arts. 2-7)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Sch. B1 para. 1(1): definition of \"company\" omitted (18.10. 2006) by virtue of Insolvency (Northern Ireland) Order 1989 (Amendment) Regulations (Northern Ireland) 2006 (S.R. 2006/370), reg. 3(4)(a) (with reg. 4)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Sch. B1 para. 1(1A)(1B) inserted (18.10.2006) by Insolvency (Northern Ireland) Order 1989 (Amendment) Regulations (Northern Ireland) 2006 (S.R. 2006/370), reg. 3(4)(b) (with reg. 4)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Sch. B1 para. 1(1A)(a) substituted (1.10.2009) by Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), arts. 2(1), 8, Sch. 1 para. 108 (with art. 10)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in Sch. B1 para. 1(1A)(b) omitted (31.12.2020) by virtue of The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 185(a)(i) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Word in Sch. B1 para. 1(1A)(c) inserted (31.12.2020) by The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 185(a)(ii) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "Words in Sch. B1 para. 1(1A)(c) inserted (31.12.2020) by The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 185(a)(ii) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F8",
      "text": "Words in Sch. B1 para. 1(1B) substituted (26.6.2017) by The Insolvency Amendment (EU 2015/848) Regulations 2017 (S.I. 2017/702), reg. 1, Sch. para. 120 (with reg. 3)"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "Sch. B1 para. 1 applied (with modifications) (4.1.2024) by S.I. 2021/716, reg. 37A (as inserted by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), regs. 1(2), 12)"
    },
    {
      "type": "C",
      "label": "C2",
      "text": "Sch. B1 applied (with modifications) (4.1.2024) by S.I. 2021/716, Sch. 2A para. 6 (as inserted by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), reg. 1(2), Sch. 2)"
    }
  ],
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    },
    {
      "type": "substituted for para (d)",
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    {
      "type": "substituted for Sch. B1 para. 99(2)(3)",
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  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisi/1989/2405/schedule/B1/paragraph/1",
    "retrieved_at": "2026-10-29T04:47:04.938020+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}