4 Moratoriums in Northern Ireland
Corporate Insolvency and Governance Act 2020 (2020 c 12) | Legislation

4  Moratoriums in Northern Ireland

(1)     In the Insolvency (Northern Ireland) Order 1989 (SI 1989/2405 (NI 19)), immediately before Part 2 (and after the heading before Parts 2 to 7) insert—

“Part 1A
Moratorium

Chapter 1
Introductory

13

(1)     This Part contains provision that enables an eligible company, in certain circumstances, to obtain a moratorium, giving it various protections from creditors set out in this Part.

(2)     In this Chapter Article 13AA introduces Schedule ZA1 (which defines what is meant by an “eligible” company).

(3)     Chapter 2 sets out how an eligible company may obtain a moratorium.

(4)     Chapter 3 sets out for how long a moratorium has effect.

(5)     Chapter 4 sets out the effects of a moratorium on the company and its creditors.

(6)     Chapter 5 contains provision about the monitor.

(7)     Chapter 6 contains provision about challenges.

(8)     Chapter 7 contains provision about certain offences.

(9)     Chapter 8 contains miscellaneous and general provision, including—

(a)     special provision for certain kinds of company;

(b)     definitions for the purposes of this Part;

(c)     provision about regulations under this Part.

13AA Eligible companies

Schedule ZA1 contains provision for determining whether a company is an eligible company for

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Schemes of arrangement—procedure

Schemes of arrangement—procedureProduced with input from Rebecca Cousin of Slaughter and May on market practice.This Practice Note looks at the detailed procedures to be followed to implement the acquisition by a buyer (offeror) of all the shares, or one or more classes of shares, in a company

LEXISNEXIS

Possession with intent to supply

Possession with intent to supplyPossession with intent to supply a controlled drugIt is an offence for a person to have a controlled drug in his possession, whether lawfully or not, with intent to supply it to another in contravention of section 4(1) of the Misuse of Drugs Act 1971 (MDA

LEXISNEXIS

Fiduciary Duties

Fiduciary DutiesWho is a fiduciary?There is no comprehensive list of the relationships which give rise to the existence of fiduciary duties under common law. Some relationships are automatically fiduciary, eg those between trustee and beneficiary, solicitor and client, principal and agent, business

LEXISNEXIS

Nuisance and the rule in Rylands v Fletcher—common law liability for pollution

Private nuisancePrivate nuisance is an unlawful interference with a person's use or enjoyment of land or some right over or in connection with it. Interference must be unreasonable, and may be caused, eg by water, smoke, smell, fumes, gas, noise, heat or vibrations. Where the defendant has not