SCHEDULES

SCHEDULE 7Moratoriums in Northern Ireland: further amendments

11The Insolvency (Northern Ireland) Order 1989

1

Article 20A (prosecution of delinquent officers of company) is amended as follows.

2

For paragraph (1) substitute—

1

This Article applies where the approval of a voluntary arrangement in relation to a company has taken effect under Article 17A.

3

In paragraph (2)—

a

for the words before sub-paragraph (a) substitute “If it appears to the supervisor that any past or present officer of the company has committed an offence in connection with the voluntary arrangement, the supervisor must forthwith”;

b

in sub-paragraph (b), omit “nominee or”.

4

In paragraph (8), omit “nominee or”.