COMMENTED by
The Insolvency (Amendment) Rules 2002 (Note)

The Insolvency (Amendment) Rules 2002

STATUTORY INSTRUMENTS

2002 No. 1307

INSOLVENCY, ENGLAND AND WALES

COMPANIES

INDIVIDUALS

The Insolvency (Amendment) Rules 2002

Made 9th May 2002

Laid before Parliament 10th May 2002

Coming into force 31st May 2002

The Lord Chancellor, in exercise of the powers conferred upon him by sections 411 and 412 of the Insolvency Act 1986[1], with the concurrence of the Secretary of State, and after consulting the committee existing for that purpose under section 413 of that Act, hereby makes the following Rules:

Citation and commencement

1. These Rules may be cited as the Insolvency (Amendment) Rules 2002 and shall come into force on 31st May 2002.

Interpretation

2. In these Rules, references to "the principal Rules" are references to the Insolvency Rules 1986[2] and a Rule referred to by number alone means the Rule so numbered in the principal Rules.

Amendments to the Insolvency Rules 1986

3. - (1) The principal Rules are amended as provided in these Rules.

(2) Anything done before 31st May 2002 under or for the purposes of any provision of the principal Rules is not invalidated by the amendment of that provision by these Rules, but it has effect as if done under or for the purposes of the provision as amended.

Amendments to the Insolvency Rules 1986 in relation to Company Voluntary Arrangements

4. - (1) In Rule 1.1(2)(d) (scope of this Part; interpretation) for "5 and 6" substitute -

5, 6, 7 and 8".

(2) In Rule 1.3(2) (contents of proposal) -

(a) at the end of sub-paragraph (o) omit "and"; and

(b) in sub-paragraph (p) after "in relation to the company" insert -

; and

(q) whether the EC Regulation[3] will apply and, if so, whether the proceedings will be main proceedings, secondary proceedings or territorial proceedings".

(3) In Rule 1.24(2)(c) (report of meetings) -

(a) at the end of sub-paragraph (c) omit "and"; and

(b) after sub-paragraph (c) insert -

(ca) state whether, in the opinion of the supervisor, (i...

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