The Insolvency (England and Wales) Rules 2016 No. 1024

SCHEDULE 2 E+W Transitional and savings provisions

Set-off in insolvency proceedings commenced before 1st April 2005 E+W

18.  Where before 1st April 2005 a company has entered administration or gone into liquidation, the office-holder, when calculating any set-off must apply the 1986 Rules as they had effect immediately before 1st April 2005.