Power to make a block transfer order
This section has no associated Policy Notes
6.1.—(1) Part 6 applies where it is expedient to transfer some or all of the cases in which an outgoing liquidator (“the outgoing liquidator”) holds office to one or more liquidators (“the replacement liquidator”) in a single transaction where the outgoing liquidator—
(a)dies;
(b)retires from practice; or
(c)is otherwise unable or unwilling to continue in office.
(2) In a case to which this Part applies the Court of Session has the power to make an order (“a block transfer order”) appointing a replacement liquidator in the place of the outgoing liquidator.
(3) The replacement liquidator must be qualified to act as an insolvency practitioner in relation to the company.