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Insolvency Law

Expert guidance on all aspects of corporate and personal insolvency

30 MAR 2011

New Legislation for London and Ireland

There are a number of new pieces of legislation that have been published and which are due to come into force over the next few months or so. They are:

London Insolvency District (Central London County Court) Order 2011 (SI 2011/761)
"In certain instances the Insolvency Rules 1986 (S.I. 1986/1925) allocate proceedings in relation to individual insolvency to the London insolvency district. This Order defines the areas that fall within the London insolvency district (Article 2).

The Order confers jurisdiction on the Central London County Court, for the purpose of individual insolvency proceedings that are allocated to the London insolvency district by the Insolvency Rules 1986 (Article 3). It also makes a consequential amendment to section 373(3)(a) of the Insolvency Act 1986 (Article 5).

To reflect the changes outlined above, the Order also designates the areas which fall within the insolvency district of the Central London County Court as being the districts of the county courts falling within the London insolvency district (Article 4). It then also makes consequential amendments to the Civil Courts Order 1983 (Articles 6 and 7) and to the Civil Courts (Amendment No. 3) Order 1992 (Article 8), again to reflect the changes outlined above.

Proceedings being dealt with in the High Court, that would have been allocated to the Central London County Court if this Order had been in force when proceedings were commenced, may be transferred to the Central London County Court or continued in the High Court (Article 9)."

See also:

Bankruptcy and Personal Insolvency Reports

Bankruptcy and Personal Insolvency Reports

"BPIR is an excellent series, of interest to both corporate and personal insolvency lawyers,...

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Available in Lexis®Library
Individual Voluntary Arrangements

Individual Voluntary Arrangements

"This is the ultimate statement of where the law on IVAs is to be found in our great common law...

Available in Lexis®Library