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The Building Societies (Insolvency and Special Administration) (Amendment) Order 2010 is now in force. The SI amends the Building Societies (Insolvency and Special Administration) Order 2009 (S.I. 2009/805) (“the Principal Order”), which applies Parts 2 (Bank Insolvency) and 3 (Bank Administration) of the Banking Act 2009 (c.1) (“the Banking Act”) to building societies.
"This is the ultimate statement of where the law on IVAs is to be found in our great common law...