The Bank Insolvency (England and Wales) Rules 2009

PART 16 ORDER OF PAYMENT AS TO COSTS, ETC. OUT OF ASSETS

General rule as to priority

170.—(1) Apply rule 4.218 of the 1986 Rules(1).

(2) In paragraph (3)—

(a) ignore sub–paragraphs (a)(iii) and (iv), (b), and (d),

(b) in sub-paragraph (c) leave out the words from “or section 415A” to the end, and

(c) in sub-paragraph (la), leave out the words from “in any case” to the end.

Litigation expenses and property subject to a floating charge–general application

171.  Apply rule 4.218A(2) of the 1986 Rules.

Litigation expenses and property subject to a floating charge–requirement for approval or authorisation

172.  Apply rule 4.218B of the 1986 Rules.

Litigation expenses and property subject to a floating charge–request for approval or authorisation

173.  Apply rule 4.218C of the 1986 Rules.

Litigation expenses and property subject to a floating charge–grant of approval or authorisation

174.  Apply rule 4.218D of the 1986 Rules.

Litigation expenses and property subject to a floating charge–application to court by the bank liquidator

175.  Apply rule 4.218E of the 1986 Rules.

Saving for powers of the court

176.  Apply rule 4.220 of the 1986 Rules.

(1)

Rule 4.218 was amended by S.I. 2008/737.

(2)

Rules 4.218A to E were inserted by S.I. 2008/737.