Insolvency Rules definition
Examples of Insolvency Rules in a sentence
Each Proving Scheme Creditor shall receive a share of the Trust Assets in the proportion that its Scheme Proof (as determined in accordance with the Insolvency Rules) bears to the total amount of Scheme Proofs (as determined in accordance with the Insolvency Rules) of all Proving Scheme Creditors.
In the event of a conflict or inconsistency between the provisions of the Agreement, the Companies Act, the Insolvency Act, the Insolvency Rules and the FSA Rules, for the purposes of the Agreement, and to the extent such acts and/or rules permit, the terms of the Agreement will prevail.
No circumstances exist which would justify avoidance of the sale of the shares under the provisions of the Insolvency Rules or the Avoidance Act.
The Supervisors shall observe the requirements of rule 2.41 of the Insolvency Rules with regard to the documents kept by them and records to be issued from time to time to the various persons set out in that rule.
If this remedy does not satisfactorily resolve any non-payment then a “Winding Up Order” may be issued in accordance with the relevant Acts of Parliament such as the Insolvency Act 1986, the Insolvency Rules 1986, Council Regulations (EC) No. 1346/2000 (‘the EC Regulation’) and the Companies Act 1985.