SCHEDULES
C1C3C2C4F1SCHEDULE B1ADMINISTRATION
Sch. B1 applied (with modifications) (1.10.2011) by Postal Services Act 2011 (c. 5), ss. 73, 87(1)(2), 93(3), Sch. 10 Pt. 1, Sch. 10 Pt. 2
Sch. B1 applied (with modifications) by S.R. 1995/225, Sch. 2 (as amended (19.12.2018) by The Banks and Building Societies (Priorities on Insolvency) Order 2018 (S.I. 2018/1244), arts. 1(2), 36 (with art. 3))
Sch. B1 modified by S.R. 1995/225, art. 6, Sch. 2 (as modified (28.12.2020 until IP completion day when the amending provision ceases to have effect in accordance with reg. 1(4) of the amending S.I.) by The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1350), regs. 1(4), 122(3) (with reg. 108))
Sch. B1 modified (28.12.2020 until IP completion day when the amending provision ceases to have effect in accordance with reg. 1(4) of the amending S.I.) by The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1350), regs. 1(4), 120 (with reg. 108)
INTRODUCTORY
Interpretation
1
1
In this Schedule—
“administrative receiver” has the meaning given by Article 5(1),
“administrator” has the meaning given by paragraph 2 and, where the context requires, includes a reference to a former administrator,
F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
“correspondence” includes correspondence by telephonic or other electronic means,
“creditors' meeting” has the meaning given by paragraph 51,
“enters administration” has the meaning given by paragraph 2,
“floating charge” means a charge which is a floating charge on its creation,
“in administration” has the meaning given by paragraph 2,
“hire-purchase agreement” includes a conditional sale agreement, a chattel leasing agreement and a retention of title agreement,
“holder of a qualifying floating charge” in respect of a company's property has the meaning given by paragraph 15,
“market value” means the amount which would be realised on a sale of property in the open market by a willing vendor,
“the purpose of administration” means an objective specified in paragraph 4, and
“unable to pay its debts” has the meaning given by Article 103.
F31A
In this Schedule, “company” means—
F4a
a company registered under the Companies Act 2006 in Northern Ireland,
b
a company incorporated in an EEA State F7..., or
1B
In sub-paragraph (1A), in relation to a company, “centre of main interests” has the same meaning F6as in Article 3 of the EU Regulation.
2
A reference in this Schedule to a thing in writing includes a reference to a thing in electronic form.
3
In this Schedule a reference to action includes a reference to inaction.
Sch. B1 inserted (27.3.2006) by Insolvency (Northern Ireland) Order 2005 (S.I. 2005/1455 (N.I. 10)), arts. 1(3), 3(2), Sch. 1 (with art. 4); S.R. 2006/21, art. 2 (with S.R. 2006/22, arts. 2-7)