C3C4C5PART 15DECISION MAKING

Annotations:

C1C2C6CHAPTER 3Notices, voting and venues for decisions

Annotations:

Notice of decision procedure by advertisement onlyC715

1

The court may order that notice of a decision procedure is to be given by advertisement only and not by individual notice to the persons concerned.

2

In considering whether to make such an order, the court must have regard to the relative cost of advertisement as against the giving of individual notices, the amount of assets available and the extent of the interest of creditors, members and contributories or any particular class of them.

3

The advertisement must meet the requirements for a notice under rule 15.8(3), and must also state—

a

that the court ordered that notice of the decision procedure be given by advertisement only; and

b

the date of the court's order.