Article 2.8 Nominee's report on proposal where the nominee is not the liquidator or administrator (section 2(2))

(1)

The nominee's report must be lodged with the court under section 2(2) accompanied by—

(a)

a copy of the report;

(b)

a copy of the proposal (as amended under rule 2.2(2) if that is the case); and

(c)

a copy of the statement of the company's affairs or a summary of it.

(2)

The report must state—

(a)

why the nominee considers the proposal does or does not have a reasonable prospect of being implemented; and

(b)

why the members and the creditors should or should not be invited to consider the proposal.

(3)

The court must endorse the nominee's report and the copy of it with the date of lodging and deliver the copy to the nominee.

(4)

The nominee must deliver a copy of the report to the company.

Notes on Chapter 3

F1: Words in Pt. 2 Ch. 3 heading omitted (1.10.2021) by virtue of The Insolvency (Scotland) (Company Voluntary Arrangements and Administration) (Amendment) Rules 2021 (S.I. 2021/1026), rule 1, Sch. 2 para. 3 Table (with rules 4, 5)