Saving provision

3.  Despite regulation 2, paragraphs 8 to 11 of Schedule 8 to the Corporate Insolvency and Governance Act 2020 continue to have effect in relation to a moratorium if-

(a)the moratorium came into force(1), or

(b)in the case of a moratorium that came into force as a result of an application under either Article 13BA or 13BB of the Insolvency (Northern Ireland) Order 1989(2), the application was made,

before 14 October 2020.

(1)

Moratorium” means a moratorium under Part 1A of the Insolvency (Northern Ireland) Order 1989 (S.I. 1989/2405 (N.I. 19)), and Article 13BD(1) of that Order sets out the time at which a moratorium for a company comes into force. Part 1A and Article 13BD(1) of the Insolvency (Northern Ireland) Order 1989 were inserted by section 4(1) of the Corporate Insolvency and Governance Act 2020.

(2)

Articles 13 BA and 13BB were inserted by section 4(1) of the Corporate Insolvency and Governance Act 2020.