C1C2F1PART 1AMoratorium
Pts. 1-5 modified by S.R. 2004/307 (as amended (1.10.2006) by Limited Liability Partnerships (Amendment) Regulations (Northern Ireland) 2006 (S.R. 2006/377), reg. 3, Sch. 2; (temp.) (27.4.2020 retrospective) by virtue of Corporate Insolvency and Governance Act 2020 (c. 12), Sch. 11 para. 8(1)(2), 14 (with ss. 2(2), 5(2)); (26.6.2020) by The Limited Liability Partnerships (Amendment etc.) Regulations 2020 (S.I. 2020/643), reg. 1(1), Sch. 2 (with reg. 3); (16.2.2021) by The Limited Liability Partnerships (Amendment etc.) Regulations 2021 (S.I. 2021/60), reg. 1(1), Sch. 2 (with reg. 4(2)))
Pts. 1-5 applied (with modifications) (4.1.2024) by S.I. 2021/716, Sch. 1A para. 3 (as inserted by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), reg. 1(2), Sch. 1)
CHAPTER 4Effects of moratorium
Effect on creditors etc
Restrictions on insolvency proceedings etc13DB
1
During a moratorium—
a
no petition may be presented for the winding up of the company, except by the directors,
b
no resolution may be passed for the voluntary winding up of the company under Article 70(1)(a),
c
a resolution for the voluntary winding up of the company under Article 70(1)(b) may be passed only if the resolution is recommended by the directors,
d
no order may be made for the winding up of the company, except on a petition by the directors,
e
no administration application may be made in respect of the company, except by the directors,
f
no notice of intention to appoint an administrator of the company under paragraph 15 or 23(1) of Schedule B1 may be filed with the High Court,
g
no administrator of the company may be appointed under paragraph 15 or 23(1) of Schedule B1, and
h
no administrative receiver of the company may be appointed.
2
Paragraph (1)(a) does not apply to an excepted petition; and paragraph (1)(d) does not apply to an order on an excepted petition.
3
For these purposes, “excepted petition” means a petition under—
a
Article 104A, 104B or 104C, or
b
section 367 of the Financial Services and Markets Act 2000 on the ground mentioned in subsection (3)(b) of that section.
Pt. 1A inserted (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), ss. 4(1), 49(1) (with ss. 2(2), 5(2))