- Y Diweddaraf sydd Ar Gael (Diwygiedig)
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The Insolvency (Northern Ireland) Order 1989
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Changes over time for: Paragraph 15
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Changes to legislation:
The Insolvency (Northern Ireland) Order 1989, Paragraph 15 is up to date with all changes known to be in force on or before 01 December 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Changes and effects yet to be applied to Schedule ZA1 Paragraph 15:
- Instrument amended by 1998 c. 11 s. 23 Sch. 5 Pt.1 Ch. 3 para. 40
- Instrument amended (prosp) by S.I. 1994/279 (N.I.) art. 26(1) Sch. 2 para. 15
- art. 2B inserted by 2016 c. 2 (N.I.) s. 2(1)
- art. 208ZA-208ZB inserted by 2016 c. 2 (N.I.) s. 1(1)
- art. 345A-345B inserted by 2016 c. 2 (N.I.) s. 1(2)
Changes and effects yet to be applied to the whole Order associated Parts and Chapters:
Whole provisions yet to be inserted into this Order (including any effects on those provisions):
- art. 2B inserted by 2016 c. 2 (N.I.) s. 2(1)
- art. 208ZA-208ZB inserted by 2016 c. 2 (N.I.) s. 1(1)
- art. 345A-345B inserted by 2016 c. 2 (N.I.) s. 1(2)
[F115—(1) A company is excluded from being eligible if, on the filing date, it is a project company of a project which—N.I.
(a)is a public-private partnership project (see paragraph 16), and
(b)includes step-in rights (see paragraph 17).
(2) For the purposes of this paragraph a company is a “project company” of a project if any of the following applies—
(a)it holds property for the purpose of the project;
(b)it has sole or principal responsibility under an agreement for carrying out all or part of the project;
(c)it is one of a number of companies which together carry out the project;
(d)it has the purpose of supplying finance to enable the project to be carried out;
(e)it is the holding company of a company within any of paragraphs (a) to (d).
(3) But a company is not a “project company” of a project if—
(a)it performs a function within sub-paragraph (2)(a) to (d) or is within sub-paragraph (2)(e), but
(b)it also performs a function which is not—
(i)within sub-paragraph (2)(a) to (d),
(ii)related to a function within sub-paragraph (2)(a) to (d), or
(iii)related to the project.
(4) For the purposes of this paragraph a company carries out all or part of a project whether or not it acts wholly or partly through agents.]
F1Sch. ZA1 inserted (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), s. 49(1), Sch. 5 (with ss. 2(2), 5(2), 13)
Modifications etc. (not altering text)
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