Paragraph 3 I1
United Kingdom
For the purposes of these Regulations, an insolvency event takes places in relation to a partnership where—
an order for its winding up is made by the court under Part 5 of the 1986 Act or Part 6 of the 1989 Order;
a resolution for voluntary winding up is passed under section 84 of the 1986 Act or article 70 of the 1989 Order;
an administrative receiver, within the meaning of section 251 of the 1986 Act or article 5(1) of the 1989 Order, is appointed;
it enters administration within the meaning of paragraph 1(2)(b) of Schedule B1 to the 1986 Act or paragraph 2(2)(b) of Schedule B1 to the 1989 Order;
a voluntary arrangement takes effect under Part 1 of the 1986 Act or Part 2 of the 1989 Order;
in Scotland, sequestration is awarded;
an interim trustee is appointed under section 54 of the 2016 Act on an application or petition for sequestration.
Annotations
Commencement
- I1
Sch. 2 para. 3 in force at 1.1.2025, see reg. 1(2)