PART 6Amendments of Insolvent Partnerships Order (Northern Ireland) 1995

I135

In Schedule 1 (modified provisions of Part II of, and Schedule A1 to, the 1989 Order (company voluntary arrangements) as applied by Article 4)45, in modified Article 17(4) (decisions of meetings)—

a

in the words before paragraph (a), omit “preferential”;

b

in paragraph (b) omit the final “or”;

c

after paragraph (c) insert—

or

d

in the case of a company which is a relevant financial institution (see Article 347A), any non-preferential debt is to be paid otherwise than in accordance with the rules in Article 150ZZA(2) or (3).