The transitional provisions and savings set out in Schedule 8 shall have effect, the Schedule comprising the following Parts—

• Part I: company insolvency and winding up (matters arising before the date of the coming into operation of this Order, and continuance of proceedings in certain cases as before that date);

• Part II: individual insolvency (matters so arising, and continuance of bankruptcy proceedings in certain cases as before that date); and

• Part III: other general transitional provisions and savings.