Search Legislation

Insolvency Act 2000

 Help about what version

What Version

 Help about advanced features

Advanced Features

Changes over time for: Cross Heading: Miscellaneous

 Help about opening options

Alternative versions:

Status:

Point in time view as at 20/06/2003.

Changes to legislation:

There are currently no known outstanding effects for the Insolvency Act 2000, Cross Heading: Miscellaneous. Help about Changes to Legislation

Close

Changes to Legislation

Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.

MiscellaneousE+W+S

9 Administration orders.E+W+S

(1)Part II of the M1Insolvency Act 1986 (administration orders) is amended as follows.

(2)In section 10 (effect of application), after paragraph (a) of subsection (1) there is inserted—

(aa)no landlord or other person to whom rent is payable may exercise any right of forfeiture by peaceable re-entry in relation to premises let to the company in respect of a failure by the company to comply with any term or condition of its tenancy of such premises, except with the leave of the court and subject to such terms as the court may impose.

(3)In section 11 (effect of order), after paragraph (b) of subsection (3) there is inserted—

(ba)no landlord or other person to whom rent is payable may exercise any right of forfeiture by peaceable re-entry in relation to premises let to the company in respect of a failure by the company to comply with any term or condition of its tenancy of such premises, except with the consent of the administrator or the leave of the court and subject (where the court gives leave) to such terms as the court may impose.

Commencement Information

I1S. 9 wholly in force at 2.4.2001, see s. 16(1) and S.I. 2001/766, art. 2(1)(b) (subject to art. 3)

Marginal Citations

10 Investigation and prosecution of malpractice.E+W+S

(1)Section 218 of the M2Insolvency Act 1986 (prosecution of delinquent officers and members of company) is amended as follows.

(2)In subsection (1), for “to the prosecuting authority” there is substituted—

(a)in the case of a winding up in England and Wales, to the Secretary of State, and

(b)in the case of a winding up in Scotland, to the Lord Advocate.

(3)Subsection (2) is omitted.

(4)In subsection (4)—

(a)for the words from the beginning of paragraph (a) to “that authority” in paragraph (b) there is substituted forthwith report the matter—

(a)in the case of a winding up in England and Wales, to the Secretary of State, and

(b)in the case of a winding up in Scotland, to the Lord Advocate,

and shall furnish to the Secretary of State or (as the case may be) the Lord Advocate ,

(b)for “the authority” there is substituted “ the Secretary of State or (as the case may be) the Lord Advocate ”.

(5)For subsection (5) there is substituted—

(5)Where a report is made to the Secretary of State under subsection (4) he may, for the purpose of investigating the matter reported to him and such other matters relating to the affairs of the company as appear to him to require investigation, exercise any of the powers which are exercisable by inspectors appointed under section 431 or 432 of the Companies Act to investigate a company’s affairs.

(6)In subsection (6)(b), “to the prosecuting authority” is omitted.

(7)In section 219 of that Act (obligations arising under section 218)—

(a)in subsection (1), for “under section 218(5)” there is substituted “ in consequence of a report made to him under section 218(4) ” and for “that subsection” there is substituted “ section 218(5) ”,

(b)in subsection (3), for “the prosecuting authority” and “that authority” there is substituted “ the Director of Public Prosecutions, the Lord Advocate ”,

(c)in subsection (4), for “prosecuting authority” there is substituted “ Director of Public Prosecutions, the Lord Advocate ”.

Commencement Information

I2S. 10 wholly in force at 2.4.2001, see s. 16(1) and S.I. 2001/766, art. 2(1)(b) (subject to art. 3)

Marginal Citations

11 Restriction on use of answers obtained under compulsion.E+W+S

In section 219 of the M3Insolvency Act 1986, after subsection (2) (answers given by a person pursuant to powers conferred by section 218 may be used in evidence against him) there is inserted—

(2A)However, in criminal proceedings in which that person is charged with an offence to which this subsection applies—

(a)no evidence relating to the answer may be adduced, and

(b)no question relating to it may be asked,

by or on behalf of the prosecution, unless evidence relating to it is adduced, or a question relating to it is asked, in the proceedings by or on behalf of that person.

(2B)Subsection (2A) applies to any offence other than—

(a)an offence under section 2 or 5 of the M4Perjury Act 1911 (false statements made on oath otherwise than in judicial proceedings or made otherwise than on oath), or

(b)an offence under section 44(1) or (2) of the M5Criminal Law (Consolidation) (Scotland) Act 1995 (false statements made on oath or otherwise than on oath).

Commencement Information

I3S. 11 wholly in force at 2.4.2001, see s. 16(1) and S.I. 2001/766, art. 2(1)(b) (subject to art. 3)

Marginal Citations

12 Insolvent estates of deceased persons.E+W+S

(1)After section 421 of the M6Insolvency Act 1986 (power to apply provisions of Act to insolvent estates of deceased persons) there is inserted—

421A Insolvent estates: joint tenancies.

(1)This section applies where—

(a)an insolvency administration order has been made in respect of the insolvent estate of a deceased person,

(b)the petition for the order was presented after the commencement of this section and within the period of five years beginning with the day on which he died, and

(c)immediately before his death he was beneficially entitled to an interest in any property as joint tenant.

(2)For the purpose of securing that debts and other liabilities to which the estate is subject are met, the court may, on an application by the trustee appointed pursuant to the insolvency administration order, make an order under this section requiring the survivor to pay to the trustee an amount not exceeding the value lost to the estate.

(3)In determining whether to make an order under this section, and the terms of such an order, the court must have regard to all the circumstances of the case, including the interests of the deceased’s creditors and of the survivor; but, unless the circumstances are exceptional, the court must assume that the interests of the deceased’s creditors outweigh all other considerations.

(4)The order may be made on such terms and conditions as the court thinks fit.

(5)Any sums required to be paid to the trustee in accordance with an order under this section shall be comprised in the estate.

(6)The modifications of this Act which may be made by an order under section 421 include any modifications which are necessary or expedient in consequence of this section.

(7)In this section, “survivor” means the person who, immediately before the death, was beneficially entitled as joint tenant with the deceased or, if the person who was so entitled dies after the making of the insolvency administration order, his personal representatives.

(8)If there is more than one survivor—

(a)an order under this section may be made against all or any of them, but

(b)no survivor shall be required to pay more than so much of the value lost to the estate as is properly attributable to him.

(9)In this section—

  • insolvency administration order” has the same meaning as in any order under section 421 having effect for the time being,

  • value lost to the estate” means the amount which, if paid to the trustee, would in the court’s opinion restore the position to what it would have been if the deceased had been adjudged bankrupt immediately before his death.

(2)In subsection (1) of section 421, after “apply” there is inserted “ in relation ”.

Commencement Information

I4S. 12 wholly in force at 2.4.2001, see s. 16(1) and S.I. 2001/766, art. 2(1)(b) (subject to art. 3)

Marginal Citations

13 Bankruptcy: interest on sums held in Insolvency Services Account.E+W+S

(1)In Schedule 9 to the M7Insolvency Act 1986 (individual insolvency rules), in paragraph 21, for “handled” there is substituted “ invested or otherwise handled and with respect to the payment of interest on sums which, in pursuance of rules made by virtue of this paragraph, have been paid into the Insolvency Services Account ”.

(2)In section 406 of that Act (interest on money received by liquidators and invested)—

(a)for “a company” there is substituted “ or paragraph 21 of Schedule 9 to this Act (investment of money received by trustee in bankruptcy) a company or a bankrupt’s estate ”,

(b)for the sidenote there is substituted “ Interest on money received by liquidators or trustees in bankruptcy and invested ”.

Commencement Information

I5S. 13 wholly in force at 2.4.2001, see s. 16(1) and S.I. 2001/766, art. 2(1)(b) (subject to art. 3)

Marginal Citations

14 Model law on cross-border insolvency.E+W+S

(1)The Secretary of State may by regulations make any provision which he considers necessary or expedient for the purpose of giving effect, with or without modifications, to the model law on cross-border insolvency.

(2)In particular, the regulations may—

(a)apply any provision of insolvency law in relation to foreign proceedings (whether begun before or after the regulations come into force),

(b)modify the application of insolvency law (whether in relation to foreign proceedings or otherwise),

(c)amend any provision of section 426 of the M8Insolvency Act 1986 (co-operation between courts),

and may apply or, as the case may be, modify the application of insolvency law in relation to the Crown.

(3)The regulations may make different provision for different purposes and may make—

(a)any supplementary, incidental or consequential provision, or

(b)any transitory, transitional or saving provision,

which the Secretary of State considers necessary or expedient.

(4)In this section—

  • foreign proceedings” has the same meaning as in the model law on cross-border insolvency,

  • insolvency law” has the same meaning as in section 426(10)(a) and (b) of the M9Insolvency Act 1986,

  • the model law on cross-border insolvency” means the model law contained in Annex I of the report of the 30th session of UNCITRAL.

(5)Regulations under this section are to be made by statutory instrument and may only be made if a draft has been laid before and approved by resolution of each House of Parliament.

(6)Making regulations under this section requires the agreement—

(a)if they extend to England and Wales, of the Lord Chancellor,

(b)if they extend to Scotland, of the Scottish Ministers.

Marginal Citations

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Point in Time: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.

Close

See additional information alongside the content

Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.

Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Notes

Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

Timeline of Changes

This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.

Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources