[A9 End of the moratorium]

[Chapter 3
Length of Moratorium]

[Initial period]

[A9  End of the moratorium]

[(1)     A moratorium ends at the end of the initial period unless it is extended, or comes to an end sooner, under or by virtue of a provision mentioned in subsection (3) or (4).

(2)     In this Chapter “the initial period”, in relation to a moratorium, means the period of 20 business days beginning with the business day after the day on which the moratorium comes into force.

(3)     For provision under or by virtue of which a moratorium is or may be extended, see—

section A10 (extension by directors without creditor

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