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Proceeds of Crime Act 2002

Winding up in Northern Ireland

Section 428: Winding up under the 1989 Order

570.The Insolvency Act 1986 does not apply to company insolvencies in Northern Ireland. In Northern Ireland, the relevant legislation is the Insolvency (Northern Ireland) Order 1989. This section contains provision similar to that in section 426, except that it deals with the situation where a company insolvency falls under the 1989 Order rather than the 1986 Act.

Section 429: Tainted gifts

571.Section 429 makes provision like that in section 427. It covers the situation where a gift qualifies both as a tainted gift under the confiscation legislation and as a voidable gift under the Northern Ireland company insolvency legislation.

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