PART 3ADMINISTRATION

CHAPTER 3Appointment of administrator by holder of floating charge

Notice of intention to appoint3.16.

(1)

This rule applies where the holder of a qualifying floating charge (“the appointer”) gives a notice under paragraph 15(1)(a) of Schedule B1 of intention to appoint an administrator under paragraph 14 and files a copy of the notice with the court under paragraph 44(2).

(2)

The notice filed with the court must be headed “Notice of intention to appoint an administrator by holder of qualifying floating charge” and must contain the following—

(a)

identification details for the proceedings;

(b)

the name and address of the appointer;

(c)

a statement that the appointer intends to appoint an administrator of the company;

(d)

the name and address of the proposed administrator;

(e)

a statement that the appointer is the holder of the qualifying floating charge in question and that it is now enforceable;

(f)

details of the charge, the date upon which it was registered and the maximum amount if any secured by the charge;

(g)

a statement that the notice is being given in accordance with paragraph 15(1)(a) of Schedule B1 to the holder of every prior floating charge which satisfies paragraph 14(2) of that Schedule;

(h)

the names and addresses of the holders of such prior floating charges and details of the charges;

(i)

a statement whether the company is or is not subject to insolvency proceedings at the date of the notice, and details of the proceedings if it is;

(j)

a statement whether the company is an Article 1.2 undertaking; and

(k)

a statement whether the proceedings flowing from the appointment will be main, secondary, territorial or non-EC proceedings with reasons for the statement.

(3)

The notice must be authenticated by the appointer or the appointer’s solicitor and dated.

(4)

The filing of the copy with the court under paragraph 44(2) of Schedule B1 must be done at the same time as notice is given in accordance with paragraph 15(1)(a).

(5)

The giving of notice under paragraph 15(1)(a) must be by service of the notice.