Article 2 Transitional provision

Rule 4.80 of the Insolvency (Scotland) Rules 1986^f1 as it stands before the commencement date shall, in relation to any arrangements referred to in paragraph (1) of that Rule which have been completed before that date, continue to apply to a person who was a director or shadow director of the insolvent company the whole, or substantially the whole, of whose business is acquired.