The Financial Services and Markets Act 2000 (Consequential Amendments) Order 2004

Supplementary powers of the court: winding up of insolvent partnerships

22.  In paragraph (1) of Article 15 of the Insolvent Partnerships Order (Northern Ireland) 1995 (supplemental powers of the court), for the text of paragraph (5C) of Article 143 of the Insolvency (Northern Ireland) Order 1989 (as that Article is modified by paragraph (1)), substitute—

“(5C) Where the High Court makes an order for the winding up of an insolvent partnership under—

(a) section 73(1)(a) of the Financial Services Act 1986(1);

(b) section 92(3)(a) of the Banking Act 1987(2); or

(c) section 367(3) of the Financial Services and Markets Act 2000,

the Court may make an order as to the future conduct of the winding up proceedings, and any such order may apply any provisions of the Insolvent Partnerships Order (Northern Ireland) 1995 with any necessary modifications.”.

(1)

1986 c. 60; section 73 was amended by S.I. 1989/2405 (N.I. 19), Article 381, Schedule 9, paragraph 47.

(2)

1987 c. 22; section 92 was amended by S.I. 1989/2405 (N.I. 19), Article 381, Schedule 9, paragraph 56.