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The Insolvency (Amendment) (EU Exit) Regulations 2018

Draft Legislation:

This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Insolvency (Amendment) (EU Exit) Regulations 2019 No. 146

PART 3Administration under old Part 2 of the Insolvency Act 1986

45.—(1) Part 2 of the Insolvency Act 1986 as it had effect immediately before the coming into force of section 248 of the Enterprise Act 2002 and in so far as it continues to have effect is amended as follows(1).

(2) In section 8 for “Article 3 of the EC Regulation” substitute “Article 1 of the EU Regulation”.

(1)

Section 248 of the Enterprise Act 2002 substituted a new Part 2 of the Insolvency Act 1986. However section 249 provided that that substitution was to have no effect in relation to the special administration regimes covered by that section.

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