Article 2.2 Proposal for a CVA: general principles and amendment

(1)

A proposal must—

(a)

contain identification details for the company;

(b)

explain why the proposer thinks a CVA is desirable;

(c)

explain why the creditors are expected to agree to a CVA; and

(d)

be authenticated and dated by the proposer.

F1(2)

The proposal may be amended with the nominee’s agreement in writing where—

(a)

the nominee is not the liquidator or administrator of the company; and

(b)

the nominee’s report has not been lodged with the court under section 2(2).

F2(3)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F3(4)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Annotations

F1: Rule 2.2(2) substituted (1.10.2021) by The Insolvency (Scotland) (Company Voluntary Arrangements and Administration) (Amendment) Rules 2021 (S.I. 2021/1026), rules 1, 13(2) (with rules 4, 5)
F2: Rule 2.2(3) omitted (1.10.2021) by virtue of The Insolvency (Scotland) (Company Voluntary Arrangements and Administration) (Amendment) Rules 2021 (S.I. 2021/1026), rules 1, 13(3) (with rules 4, 5)
F3: Rule 2.2(4) omitted (1.10.2021) by virtue of The Insolvency (Scotland) (Company Voluntary Arrangements and Administration) (Amendment) Rules 2021 (S.I. 2021/1026), rules 1, 13(3) (with rules 4, 5)