The statutory provisions regulating insolvency proceedings relating to individuals previously mentioned1 are for the most part contained in the Insolvency Act 19862 which came into force on 29 December 19863 and in the Insolvency Act 20004. The practice in such insolvency proceedings, so far as not laid down by those Acts, is regulated by rules, regulations and orders made under the Insolvency Act 19865 and by Practice Directions6.
Subject to certain exceptions
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Case number [insert number][In the principal registryORIn the [insert court location] FAMILY court]Sitting at [insert place]Notice of actingBetween[insert petitioner name]Petitionerand[insert respondent name]RespondentTake notice that we [insert name of firm] have been appointed to act as the
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This Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative pledge provisions•how negative pledges are viewed in the context of security and quasi-security, and•key considerations when drafting a negative pledge clauseWhere
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