SCHEDULES
C1C2C3SCHEDULE 4Moratoriums in Great Britain: temporary provision
Sch. 4 applied (with modifications) (E.W.S.) by S.I. 2014/229, arts. 2(5), 11(6), Sch. 4 Pt. 4 (as inserted (18.7.2020) by The Co-operative and Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) (Amendment) and Consequential Amendments Order 2020 (S.I. 2020/744), arts. 1, 7(c), 10, 13(g))
Sch. 4 applied (with modifications) (16.2.2021) by The Limited Liability Partnerships (Amendment etc.) Regulations 2021 (S.I. 2021/60), regs. 1(1), 6
PART 4Temporary rules: Scotland
Obtaining creditor consent: qualifying decision procedure
66
Rule 5.28 of the Scottish Insolvency Rules (calculation of voting rights) has effect as if—
a
before paragraph (1) there were inserted—
A1
In relation to a decision to consent to a revised end date for a moratorium under section A12 of the Act votes are calculated according to the amount of each creditor's claim at the decision date.
b
after paragraph (2) there were inserted—
2A
But in relation to a decision to consent to a revised end date for a moratorium under section A12 of the Act, a debt of an unliquidated or unascertained amount is to be valued at £1 for the purposes of voting unless the convener or chair or an appointed person decides to put a higher value on it.
c
in paragraph (6), after sub-paragraph (b) there were inserted—
c
where the decision relates to whether to consent to a revised end date for a moratorium under section A12 of the Act.
Sch. 4 applied (with modifications) (26.6.2020) by The Limited Liability Partnerships (Amendment etc.) Regulations 2020 (S.I. 2020/643), regs. 1(1), 5