Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
Find up-to-date guidance on points of law and then easily pull up sources to support your advice with Lexis PSL
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
Produced in partnership with Sarah Clarke of Hardwicke
Note: since the date of drafting this note the Insolvency (England and Wales) (Amendment) Rules 2017, SI 2017/366 were laid before Parliament on 13 March 2017 to come into force on 6 April 2017. This SI makes a number of minor amends to the Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024 and should be reviewed along with the provisions of IR 2016, SI 2016/1024.
The Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024 were published and laid before parliament on 25 October 2016. The rules will come in to force on 6 April 2017. This Practice Note is an attempt to summarise the key features of the rules. For further detail the reader is referred to the following sources:
Full text of the IR 2016
The new rules entirely do away with statutory forms for use in insolvency proceedings.
The explanatory notes explain that this is part of a process of ‘future proofing’ the rules by reducing the need for amendments to forms. Instead of statutory forms, the IR 2016, SI 2016/1024, Pt 1 sets out what should be included in various documents and notices. So, for example, IR 2016, SI 2016/1024, r 1.35 sets out the contents of application notices, IR 2016, SI 2016/1024, r 7.5 sets out the prescribed contents of a creditors winding-up petition, IR 2016, SI 2016/1024, r 7.26 sets out the prescribed contents of a contributory’s winding-up petition etc.
The order in which the prescribed information is to appear is defined in IR 2016, SI 2016/1024, r 1.8, and IR 2016, SI 2016/1024, r 1.9 allows variations from prescribed content (except in statutory demands) if the circumstances require or the departure is immaterial.
The transitional provisions acknowledge limited circumstances in
Free trials are only available to individuals based in the UK
* denotes a required field
**excludes LexisPSL Practice Compliance, Practice Management and Risk and Compliance. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial. See our full terms here.
Access this article and thousands of others like it free by subscribing to our blog.
Read full article
Already a subscriber? Login
0330 161 1234