PART 9 Applications to Court

CHAPTER 1 Applications under section 176A of the 1986 Act

154 Applications under section 176A(5) of the 1986 Act to disapply section 176A
An application under section 176A(5) of the 1986 Act (share of assets for unsecured creditors) shall include averments—
(a) that the application arises in respect of a special administration;
(b) as to the financial position of the investment bank; and
(c) as to the basis of the applicant’s view that the cost of making a distribution to unsecured creditors would be disproportionate to the benefits.
1986 c.45; section 176A was inserted by the Enterprise Act 2002 (c.40), section 252 and amended by S.I. 2008/948.