xmlns:atom="http://www.w3.org/2005/Atom"

SCHEDULES

SCHEDULE 9Transitional Provisions and Savings

PART IICompany Insolvency Etc

Administration orders

6(1)Where any right to appoint an administrative receiver of a company is conferred by any debentures or floating charge created before the coming into force of Chapter III of Part II of this Act, the conditions precedent to the exercise of that right shall be deemed to include the presentation of a petition applying for an administration order to be made in relation to the company.

(2)In this paragraph " administrative receiver " has the same meaning as in Part II of this Act.