The Insolvency (Amendment) Rules (Northern Ireland) 2006

Amendments to Part 4 of the principal Rules

7.—(1) Subject to paragraphs (2) to (5), Part 4 of the principal Rules shall have effect subject to the amendments set out in Part 4 of Schedule 1 to these Rules.

(2) In any case where before the commencement date a winding-up order is made or a resolution for the winding up of a company is passed and the liquidator is entitled to remuneration by virtue of Rule 4.134(6), Rule 4.135(1) or Rule 4.156(4), the liquidator shall continue to be entitled to remuneration on the basis that—

(a) the amendments made to the principal Rules by these Rules do not apply; and

(b) the amendments made to the Insolvency Regulations (Northern Ireland) 1996(1) by the Insolvency (Amendment) Regulations (Northern Ireland) 2006(2) had not been made.

(3) Paragraph 26 in Part 4 of Schedule 1 to these Rules shall not apply and Rule 4.096 of the principal Rules as it stood prior to the coming into operation of these Rules shall continue to apply, where a company has gone into liquidation before the commencement date.

(4) Paragraph 27(a) in Part 4 of Schedule 1 to these Rules shall not apply and paragraph (1) of Rule 4.097 of the principal Rules as it stood prior to the coming into operation of these Rules shall continue to apply where a company has gone into liquidation before the commencement date.

(5) Paragraphs 28, 29 and 30 in Part 4 of Schedule 1 to these Rules shall not apply and Rules 4.098, 4.099 and 4.100 of the principal Rules as they stood prior to this coming into operation of these Rules shall continue to apply where a company has gone into liquidation before the commencement date.

(1)

S.R. 1996 No. 574

(2)

S.R. 2006 No. 23