SCHEDULE

PART 6Other amendments England, Wales and Scotland

Cross-Border Insolvency Regulations 200694

1

The Cross-Border Insolvency Regulations 200641 are amended as follows.

2

In Schedule 1 (Uncitral Model Law on Cross-border Insolvency) in Article 2 (Definitions) for paragraph (d) substitute—

  • “the EU Insolvency Regulation” means Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015

3

In Schedule 2 (procedural matters in England and Wales) in paragraph 1(1) (interpretation)—

a

in the definition of “main proceedings” for “EC Insolvency Regulation” in each place where it occurs substitute “EU Insolvency Regulation” and for “Article 2(a)” substitute “Article 2(4)”;

b

for the definition of “member state liquidator” substitute—

  • “member State liquidator” means a person falling within the definition of “insolvency practitioner” in Article 2(5) of the EU Insolvency Regulation appointed in proceedings to which the Regulation applies in a member State other than the United Kingdom;

4

In Schedule 3 (procedural matters in Scotland) in paragraph 1(1) (interpretation)—

a

in the definition of “main proceedings” for “EC Insolvency Regulation” in each place where it occurs substitute “EU Insolvency Regulation” and for “Article 2(a)” substitute “Article 2(4)”;

b

for the definition of “member state liquidator” substitute—

  • “member State liquidator” means a person falling within the definition of “insolvency practitioner” in Article 2(5) of the EU Insolvency Regulation appointed in proceedings to which the Regulation applies in a member State other than the United Kingdom;