The following Restructuring & Insolvency guidance note Produced in partnership with James Davies of 3 Paper Buildings provides comprehensive and up to date legal information covering:
This Practice Note has been archived and is not maintained.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Rules 1986, SI 1986/1925 (IR 1986) and all statutory instruments amending the IR 1986, SI 1986/1925 (which are all repealed), modernise and simplify the language used, and incorporate changes made in the law. For materials on CVLs under the law prior to 6 April 2017, see: Creditors' voluntary liquidation (CVL)—overview and all relevant guidance referred to therein.
The IR 2016, 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 the IR 2016, (and not approved by Parliament), may assist in understanding the IR 2016.
Note also that the Insolvency (England and Wales) (Amendment) Rules 2017, SI 2017/366 were laid before Parliament on 13 March 2017 and came into force on 6 April 2017. This SI made a number of minor amends to the Insolvency (England and Wales) Rules 2016 (IR 2016), and should be viewed along with the provisions of IR 2016.
The Insolvency Amendment (EU 2015/848) Regulations 2017, SI 2017/702 were laid before Parliament on 23 June 2017 and came
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