PART ISEQUESTRATION

Amendment of section 7 of the Act8

1

In section 7(1) of the Act (meaning of apparent insolvency), after paragraph (b) insert–

ba

he becomes subject to main proceedings in a member State other than the United Kingdom;

2

In section 7(2) of the Act–

a

the word “or” immediately following sub-paragraph (a) is repealed; and

b

at the end of sub-paragraph (b) after “due” there is inserted

; or

c

subsection (1)(ba), when main proceedings have ended