Explanatory Notes

Insolvency Act 2000

2000 CHAPTER 39

30 November 2000

Commentary on Sections

Section 7: Effect of Northern Irish disqualifications

28.Disqualification in Northern Ireland is governed by the Companies (Northern Ireland) Order 1989 which makes similar provision for disqualification in Northern Ireland to that made for Great Britain by the Company Directors Disqualification Act 1986.

29.Subsection (1) of the section provides that a disqualification order made under Northern Irish legislation will have the same effects in Great Britain as one made under the Company Directors Disqualification Act 1986.

30.Subsection (2): Disqualification is a devolved matter in Northern Ireland. The Assembly may, or may not, wish to bring in legislation for disqualification undertakings. If it should make such provision this section will enable effect to be given to the undertakings in Great Britain.