The following Restructuring & Insolvency guidance note Produced in partnership with James Morgan QC and Marc Brown of St Philips Chambers, and Matthew Weaver of Radcliffe Chambers provides comprehensive and up to date legal information covering:
ARCHIVED: This Practice Note has been archived and is not maintained.
The Insolvency (England and Wales) Rules 2016, SI 2016/1024 (IR 2016) were laid before Parliament on 25 October 2016 and came into force on 6 April 2017. They are intended to consolidate the Insolvency Rules 1986, SI 1986/1925 (IR 1986) and all statutory instruments amending the IR 1986, SI 1986/1925 (which are all repealed), modernise and simplify the language used, and incorporate changes made in the law.
The IR 2016, SI 2016/1024 are accompanied by an Explanatory Memorandum (prepared by the Department for Business, Energy & Industrial Strategy in conjunction with the Insolvency Service) which, although not forming part of IR 2016, SI 2016/1024 (and not approved by Parliament), may assist in understanding IR 2016, SI 2016/1024.
Being the single largest change to insolvency law in a generation, we have produced a series of Practice Notes describing most of the individual Parts of the IR 2016, SI 2016/1024 summarising what changes there are, and also where there are no changes other than new rule numbers.
This Practice Note is concerned with IR 2016, SI 2016/1024, Part 12 in relation to court procedure and practice, and which largely replaces IR 1986, SI 1986/1925, Part 7. For materials on court procedure and practice under the law prior to 6 April 2017, see: The court
**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.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
Take a free trial
0330 161 1234