C1C2C3C4 PART IVRECEIVERSHIP

RECEIVERS AND MANAGERS

Annotations:

F1Prohibition of appointment of administrative receiver

Annotations:
Amendments (Textual)
F1

Arts. 59A - 59J and preceding cross - heading inserted (27.3.2006) by Insolvency (Northern Ireland) Order 2005 (S.I. 2005/1455 (N.I. 10)), arts. 1(3), 5(1) (with art. 4); S.R. 2006/21, art. 2 (with S.R. 2006/22, arts. 2 - 7)

Sixth exception: financial market59G

Article 59A does not prevent the appointment of an administrative receiver of a company by virtue of—

a

a market charge within the meaning of Article 95 of the Companies (No. 2) (Northern Ireland) Order 1990 (NI 10),

b

a system-charge within the meaning of the Financial Markets and Insolvency Regulations (Northern Ireland) 1996 (SR 1996 No. 252).