[F1Restrictions on power to appointN.I.
F1Sch. 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)
16.—(1) A person may not appoint an administrator under paragraph 15 unless—N.I.
(a)he has given at least 2 business days' written notice to the holder of any prior floating charge which satisfies paragraph 15(2), or
(b)the holder of any prior floating charge which satisfies paragraph 15(2) has consented in writing to the making of the appointment.
(2) One floating charge is prior to another for the purposes of this paragraph if—
(a)it was created first, or
(b)it is to be treated as having priority in accordance with an agreement to which the holder of each floating charge was party.
17. An administrator may not be appointed under paragraph 15 while a floating charge on which the appointment relies is not enforceable.N.I.
18. An administrator of a company may not be appointed under paragraph 15 if—N.I.
(a)a provisional liquidator of the company has been appointed under Article 115, or
(b)an administrative receiver of the company is in office.]