# Legal Services Act 2007, Paragraph 112


In paragraph 25 of that Schedule (effect of supervening incapacity on contentious business agreements)—
(a) for sub-paragraph (1)(b) substitute—
“(b) a relevant insolvency event occurs in relation to the body;”,
(b) in sub-paragraphs (2) and (3)—
(i) for “taxation” (in each place) substitute “ assessment ”, and
(ii) for “taxing officer” (in each place) substitute “ costs officer ”,
(c) in sub-paragraph (3) for “any officer” substitute “ any manager ”, and
(d) after that sub-paragraph insert—
“(4) For the purposes of this paragraph a relevant insolvency event occurs in relation to a recognised body if—
(a) a resolution for a voluntary winding-up of the body is passed without a declaration of solvency under section 89 of the Insolvency Act 1986;
(b) the body enters administration within the meaning of paragraph 1(2)(b) of Schedule B1 to that Act;
(c) an administrative receiver within the meaning of section 251 of that Act is appointed;
(d) a meeting of creditors is held in relation to the body under section 95 of that Act (creditors' meeting which has the effect of converting a members' voluntary winding up into a creditors' voluntary winding up);
(e) an order for the winding up of the body is made.”

---
Source: https://www.legislation.gov.uk/ukpga/2007/29/schedule/16/paragraph/112 (the official version)
Page: https://openlegislation.uk/legal-services-act-2007/schedule-16/paragraph-112
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.