The transitional provisions and savings set out in Schedule 11 to this Act shall have effect, the Schedule comprising the following Parts—
Part I: company insolvency and winding up (matters arising before appointed day, and continuance of proceedings in certain cases as before that day);
Part II: individual insolvency (matters so arising, and continuance of bankruptcy proceedings in certain cases as before that day);
Part III: transactions entered into before the appointed day and capable of being affected by orders of the court under Part XVI of this Act;
Part IV: insolvency practitioners acting as such before the appointed day; and
Part V: general transitional provisions and savings required consequentially on, and in connection with, the repeal and replacement by this Act and the Company Directors Disqualification Act 1986 of provisions of [the Companies Act 1985], the greater part of the Insolvency Act 1985 and other enactments.
The enactments specified in the second column of Schedule 12 to this Act are repealed to the extent specified in the third column of that Schedule.
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