There are currently no known outstanding effects for the Insolvency Act 2000, Paragraph 2.
2E+W+SAfter section 1 there is inserted—
(1)Where the directors of an eligible company intend to make a proposal for a voluntary arrangement, they may take steps to obtain a moratorium for the company.
(2)The provisions of Schedule A1 to this Act have effect with respect to—
(a)companies eligible for a moratorium under this section,
(b)the procedure for obtaining such a moratorium,
(c)the effects of such a moratorium, and
(d)the procedure applicable (in place of sections 2 to 6 and 7) in relation to the approval and implementation of a voluntary arrangement where such a moratorium is or has been in force.”
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