New Insolvency Rules table of destinations published

New Insolvency Rules table of destinations published
A table indicating the destination of the provisions in the Insolvency Rules 1986 has been published by the Insolvency Service (IS).

While the Insolvency Rules 2016 broadly derive from the 1986 Rules, there are few exact matches, as the structure of the 2016 Rules is different, the language has been modernised and there have been significant changes.

The new changes come about mainly due to amendments to the primary legislation made by the Enterprise and Regulatory Reform Act 2013, the Deregulation Act 2015, and the Small Business, Enterprise and Employment Act 2015.

Introduction of the modernised Rules

The IS said it would continue to support the insolvency profession in preparing for the new rules, and would soon be launching the online facility.

The full Insolvency Rules 1986 Table of Destinations can be found here.

Source: Press release: Insolvency Rules—Table of destinations now available 

Related Articles:
Restructuring and Insolvency image
New criminal liability for deficient defined benefit pension schemes—the impact on restructurings and corporate transactions
Restructuring and Insolvency |
10 min read
Restructuring and Insolvency image
Brexit—a deal that leaves recognition of UK insolvency procedures uncertain
Restructuring and Insolvency |
1 min read
Restructuring and Insolvency image
Reintroduction of UK Crown Preference from 1 December 2020
Restructuring and Insolvency |
8 min read
Restructuring and Insolvency image
Brexit materials for Restructuring & Insolvency practitioners
Restructuring and Insolvency |
6 min read
Latest Articles:
INSOL Europe/Lexis®PSL launch Joint Project on ‘How EU Member States recognise insolvency and restructuring proceedings of a third country’
Restructuring and Insolvency |
3 min read
sun
Sailing into the sunset—cruise port operator given go-head for scheme of arrangement (Re Port Finance Investment Ltd)
Restructuring and Insolvency |
9 min read
New criminal liability for deficient defined benefit pension schemes—the impact on restructurings and corporate transactions
Restructuring and Insolvency |
10 min read
Lexis®PSL announces variations to R3 standard form COVID-19 CVA proposal (Northern Ireland) for administration exits and debt waivers
Restructuring and Insolvency |
7 min read