The Co-operation of Insolvency Courts (Designation of Relevant Country) Order 1998

Statutory Instruments

1998 No. 2766

INSOLVENCY

COMPANIES

INDIVIDUALS, ENGLAND AND WALES

BANKRUPTCY, SCOTLAND

INDIVIDUALS, NORTHERN IRELAND

The Co-operation of Insolvency Courts (Designation of Relevant Country) Order 1998

Made

11th November 1998

Coming into force

11th December 1998

The Secretary of State, in exercise of the powers conferred on him by section 426(11) of the Insolvency Act 1986(1), hereby makes the following Order:–

1.  This Order may be cited as the Co-operation of Insolvency Courts (Designation of Relevant Country) Order 1998 and shall come into force on 11th December 1998.

2.  Brunei Darussalam is hereby designated a relevant country for the purposes of section 426 of the Insolvency Act 1986.

Kim Howells

Parliamentary Under-Secretary of State for Competition and Consumer Affairs,

Department of Trade and Industry

11th November 1998

Explanatory Note

(This note is not part of the Order)

This Order designates Brunei Darussalam as a relevant country for the purposes of section 426 of the Insolvency Act 1986. The courts of Brunei Darussalam will have the right under section 426 to request assistance in matters of insolvency law from courts having jurisdiction in relation to insolvency law in any part of the United Kingdom. The Order comes into force on 11th December 1998. Two other Orders have been made under section 426(11) (the Co-operation of Insolvency Courts (Designation of Relevant Countries and Territories) Order 1986, S.I. 1986/2123 and the Co-operation of Insolvency Courts (Designation of Relevant Countries) Order 1996, S.I. 1996/253).

A Regulatory Impact Assessment is available, copies of which have been placed in the Libraries of both Houses of Parliament. Copies are also available from the Insolvency Service of the Department of Trade and Industry, PO Box 203, Room 5.1, 21 Bloomsbury Street, London WC1B 3QW.

(1)

1986 c. 45.