Voluntary arrangements
I11 Moratorium where directors propose voluntary arrangement.
Schedule 1 (which—
a
enables the directors of a company to obtain an initial moratorium for the company where they propose a voluntary arrangement under Part I of the M1Insolvency Act 1986,
b
makes provision about the approval and implementation of such a voluntary arrangement where a moratorium is obtained, and
c
makes consequential amendments),
is to have effect.