UK Insolvency Act 1986 definition

UK Insolvency Act 1986 means the United Kingdom Insolvency Act 1986 (as in force at the date of adoption of these Articles);
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Examples of UK Insolvency Act 1986 in a sentence

  • In addition, if the Issuer were to go into administration pursuant to the provisions of the UK Insolvency Act 1986 (as amended by the Enterprise Act 2002), then the Trustee may not be able to enforce the security for the duration of any moratorium or stay imposed in connection with the administration procedure.

  • The principal purpose of the aforementioned security is to ensure that the Trustee has security over substantially the whole of the assets of the Issuer, so allowing the Trustee to appoint an administrative receiver (as defined in Section 29 of the UK Insolvency Act 1986).

  • The principal purpose of the aforementioned security is to ensure that Deutsche Trustee Company Limited has security over substantially the whole of the assets of the Issuer, so allowing Deutsche Trustee Company Limited to appoint an administrative receiver (as defined in Section 29 of the UK Insolvency Act 1986).

  • This led to the enactment of the UK Insolvency Act 1986 (the UK Insolvency Act), an omnibus bill which combined the personal and corporate insolvency regimes.

  • Any such division may be otherwise than in accordance with the existing rights of the members, but if any division is resolved otherwise than in accordance with such rights, the members shall have the same right of dissent and consequential rights as if such resolution were a special resolution passed pursuant to section 110 UK Insolvency Act 1986.

  • On June 1, 2018, Weatherly announced that it had appointed an administrator in accordance with the UK Insolvency Act (1986) following a decision by Weatherly’s principal lender to withdraw funding.

  • On February 25, 2019, in accordance with the provisions of the U.K. Insolvency Act 1986 and as approved by the Boards of Directors of the U.K. Subsidiaries, insolvency practitioners from KPMG were appointed as Administrators for the U.K. Subsidiaries.

  • Hildyard J noted, at [45], that:It is clear from paragraph 64 of Schedule B1 [of the UK Insolvency Act 1986] that directors and shareholders can do things which are not inconsistent with the administration, and may exercise “management powers” (defined by paragraph 64(2)(a) as “a power which could be exercised so as to interfere with the exercise of the administrator’s powers”), though only with the administrators’ consent, and any residual powers which are not “management powers”.

  • In addition, amendments to the UK Insolvency Act 1986 have introduced changes to the treatment and ranking of certain preferential debts with the result that certain eligible deposits will rank in priority to the claims of ordinary (i.e. non-preferred) unsecured creditors in the event of an insolvency.

  • The Court found that Section 354(3) (a) of the UK Insolvency Act 1986 was such a situation, as it was designed to deal with the social and economic problems of bankrupts.[35] In the present case there is no legislative provision which places any restriction on the right to silence or not to incriminate one self.

Related to UK Insolvency Act 1986

  • Insolvency Act means the Insolvency Act, 1936 (Act No. 24 of 1936);

  • the 1986 Act means the Insolvency Act 1986;

  • Insolvency Action With respect to any Person, the taking by such Person of any action resulting in an Insolvency Event, other than solely under clause (g) of the definition thereof.

  • Transparency Act means the Federal Funding Accountability and Transparency Act of 2006 (Public Law 109-282), as amended by §6202 of Public Law 110-252. The Transparency Act also is referred to as FFATA.

  • U.S. Bankruptcy Code means Title 11 of the United States Code, as amended, or any similar federal or state law for the relief of debtors.

  • EU Insolvency Regulation means the Council of the European Union Regulation 2015/848 on insolvency proceedings.

  • Municipal Act, 2001 means the Municipal Act, 2001, S.O. 2001, c. 25, as amended;

  • Bankruptcy Act means the Bankruptcy Act or Title 11 of the United States Code.

  • the 1981 Act which means the Compulsory Purchase (Vesting Declarations) Act 1981.

  • insolvency administrator means a person authorised to administer the reorganisation or liquidation, including one authorised on an interim basis, and includes a debtor in possession if permitted by the applicable insolvency law;

  • TCGA 1992 means the Taxation of Chargeable Gains Xxx 0000;

  • VATA 1994 means the Value Added Tax Xxx 0000;

  • Insolvency Official means the official receiver appointed in the context of any insolvency procedure which may be opened following the occurrence of an Insolvency Event.

  • CTA 2009 means the Corporation Tax Xxx 0000;

  • Federal Bankruptcy Act means the Bankruptcy Act or Title 11 of the United States Code.

  • VATA means the Value Added Tax Xxx 0000;

  • TCGA means the Taxation of Chargeable Gains Xxx 0000;

  • B1 means to Band 1, and so forth, and 'R1' means to Range 1, and so forth.

  • United States Bankruptcy Code means the Bankruptcy Reform Act of 1978, as amended and as codified in Title 11 of the United States Code, as amended from time to time hereafter, or any successor federal bankruptcy law.

  • primary insolvency jurisdiction means the Contracting State in which the centre of the debtor’s main interests is situated, which for this purpose shall be deemed to be the place of the debtor’s statutory seat or, if there is none, the place where the debtor is incorporated or formed, unless proved otherwise;

  • the 1983 Act means the Representation of the People Act 1983;

  • Bank Act means the Bank Act (Canada);

  • Insolvency Legislation means the Bankruptcy and Insolvency Act (Canada), the Winding Up and Restructuring Act (Canada), the Companies’ Creditors Arrangement Act (Canada) and analogous legislation in effect in the provinces and territories of Canada and the bankruptcy, insolvency, creditor protection or similar laws of any other jurisdiction (regardless of the jurisdiction of such application or competence of such law), as they may be amended from time to time.

  • the 1988 Act means the Local Government Finance Act 1988.

  • Insolvency Regulation means the Council Regulation (EC) No.1346/2000 29 May 2000 on Insolvency Proceedings.

  • Power of appointment means a power that enables a powerholder acting in a nonfiduciary capacity to designate a recipient of an ownership interest in or another power of appointment over the appointive property. The term does not include a power of attorney.