The Insolvency (Amendment) Rules (Northern Ireland) 2008

Transitional provisions

2.—(1) The amendments to the principal Rules made by Rules 4, 5 and 6 of these Rules and the references in Rule 10(b) to the insertion of Form 4.74 into Schedule 2 to the principal Rules and in Rule 10(a) to the insertion of an entry for that form in the index of forms in Part 4 of that schedule shall apply—

(a) to a creditors' voluntary winding up—

(i) in respect of which the resolution is passed; or

(ii) where it commenced as a members' voluntary winding up, for which the conversion to a creditors' voluntary winding up under Article 82 takes effect; or

(iii) in respect of which a notice is registered under paragraph 84 of Schedule B1 to the Order;

on or after the commencement date;

(b) to a members' voluntary winding up for which the resolution is passed on or after the commencement date; and

(c) to a winding up of a company by the court where the winding-up order is made on or after the commencement date except where the winding-up order is made following a resolution for a voluntary winding up passed by that company before the commencement date.

(2) Rule 4.238 of the principal Rules as it stood before the commencement date shall, in relation to any arrangements referred to in paragraph (1) of that Rule which have been completed before that date, continue to apply to a person who was the director or shadow director of the insolvent company the whole, or substantially the whole, of whose business is acquired.