Act of Sederunt (Rules of the Court of Session Amendment No.5) (Insolvency Proceedings) 2003 © Crown Copyright 2003 Scottish Statutory Instruments printed from this website are printed under the superintendence and authority of the Controller of HMSO being the Queen's Printer of Acts of Parliament. The legislation contained on this web site is subject to Crown Copyright protection. It may be reproduced free of charge provided that it is reproduced accurately and that the source and copyright status of the material is made evident to users. It should be noted that the right to reproduce the text of Scottish Statutory Instruments does not extend to the Queen's Printer for Scotland imprints which should be removed from any copies of the Scottish Statutory Instrument which are issued or made available to the public. This includes reproduction of the Scottish Statutory Instrument on the Internet and on intranet sites. The Royal Arms may be reproduced only where they are an integral part of the original document. The text of this Internet version of the Scottish Statutory Instrument has been prepared to reflect the text as it was Made. A print version is also available and is published by The Stationery Office Limited as the Act of Sederunt (Rules of the Court of Session Amendment No.5) (Insolvency Proceedings) 2003, ISBN 0110624254. The print version may be purchased by clicking here. Braille copies of this Scottish Statutory Instrument can also be purchased at the same price as the print edition by contacting TSO Customer Services on 0870 600 5522 or e-mail: customer.services@tso.co.uk. Further information about the publication of legislation on this website can be found by referring to the Frequently Asked Questions. To ensure fast access over slow connections, large documents have been segmented into "chunks". Where you see a "continue" button at the bottom of the page of text, this indicates that there is another chunk of text available.
The Lords of Council and Session, under and by virtue of the powers conferred upon them by section 5 of the Court of Session Act 1988[1] and of all other powers enabling them in that behalf, do hereby enact and declare: Citation and commencement 1. - (1) This Act of Sederunt may be cited as the Act of Sederunt (Rules of the Court of Session Amendment No. 5) (Insolvency Proceedings) 2003 and shall come into force on 15th September 2003. (2) This Act of Sederunt shall be inserted in the Books of Sederunt. Amendment of the Rules of the Court of Session 2. - (1) Chapter 74 of the Rules of the Court of Session 1994[2] shall be amended in accordance with the following sub-paragraphs. (2) In rule 74.1 (application and interpretation of this Chapter), in paragraph (2) after the definition of "the Insolvency Rules" there shall be inserted the following:-
(3) In rule 74.4 (lodging of nominee's report - company not in liquidation), in paragraph (1) for the words "an administration order is not in force in respect of it pronounced by the court" there shall be substituted the words "is not in administration".
(b) in paragraph (1)(b) for the words "there is an administration order in force in respect of it pronounced by the court" there shall be substituted the words "is in administration".
(6) In the heading beneath "PART III", for "ORDERS" there shall be substituted "PROCEDURE".
(b) in paragraph (2)-
(ii) an objective specified in paragraph 3 of Schedule B1 to the Act of 1986[5];"
(ii) in sub-paragraph (g) for the words "administration order" there shall be substituted the words "order in respect of an administration";
(ii) if so, whether the proceedings are main proceedings or territorial proceedings.".
(8) In rule 74.11 (notice of petition), in paragraph (a) for "2.2" there shall be substituted "2.3".
74.13. - (1) Paragraph (2) shall apply where a report under paragraphs 53(2) or 54(6) of Schedule B1 to the Act of 1986 discloses a failure to approve, or to approve a revision of, an administrator's proposals. (2) The Deputy Principal Clerk shall fix a hearing for determination by the insolvency judge of any order that may be made under paragraph 55(2) of Schedule B1 to the Act of 1986. Time and date of lodging in an administration 74.14. - (1) The time and date of lodging of a notice or document relating to an administration under the Act of 1986 or the Insolvency Rules shall be noted by the Deputy Principal Clerk upon the notice or document. (2) Subject to any provision of the Insolvency Rules-
(b) where a notice or document under paragraph (1) is delivered on any day other than a business day, the date of lodging shall be the first business day after such delivery.
Applications during an administration
(b) where a petition for an order in respect of an administration has been lodged, by note in the process of that petition.".
(10) In rule 74.17 (petition to appoint a receiver), in paragraph (b)-
(b) after the word "made" there shall be inserted ", or an administrator has been appointed.".
(11) In rule 74.24 (substitution of creditor or contributory for petitioner), after paragraph (1) there shall be inserted the following:-
(12) In rule 74.25 (provisional liquidator), in paragraph (b) after the words "Secretary of State" there shall be inserted ", a member State liquidator appointed in main proceedings".
74.30A. - (1) An application by a liquidator, administrator or receiver under section 176A of the Act of 1986[6] shall be-
(b) where a process exists in relation to any liquidation, administration or receivership, by note in that process.
(2) The Deputy Principal Clerk shall-
(b) give notice of the hearing fixed under paragraph (2)(a) to the petitioner or noter.
(3) The petitioner or noter shall not be required to give notice to any person of the hearing fixed under paragraph (2)(a), unless the insolvency judge directs otherwise.".
(This note is not part of the Act of Sederunt) This Act of Sederunt makes changes to Chapter 74 of the Act of Sederunt (Rules of the Court of Session) 1994 to support changes made to the Insolvency (Scotland) Rules 1986 by the Insolvency (Scotland) Amendment Rules 2003, and changes made to the Insolvency (Scotland) Act 1986 by the Enterprise Act 2002. The Act of Sederunt also makes certain consequential changes in support of Council Regulation (EC) 1346/2000 of 29th May 2000 on insolvency proceedings. Notes: [1] 1988 c.36; section 5 was amended by section 2(3) of the Civil Evidence (Scotland) Act 1988 (c.32) and by paragraph 45 of Schedule 4 to the Children (Scotland) Act 1995 (c.36).back [2] S.I. 1994/1443, to which there are amendments not relevant to this Act of Sederunt.back [3] O.J. L 160, 30/06/2000 P. 0001-0018.back [4] The Insolvency Act 1986 (c.45) is defined in rule 74.1 of the Rules of the Court of Session as ?OQ?the Act of 1986!, and section 8 was amended by the Financial Services and Markets Act 2000 (c.8), section 359, and by S.I. 2001/3649 and 2002/1240 and 1555, and applied with modifications by the Building Societies Act 1986 (c.53), Schedule 15, the Building Societies Act 1997 (c.32), Schedule 6, and S.I. 2001/1090.back [5] Schedule B1 was inserted into the Act of 1986 by the Enterprise Act 2002 (c.40), section 248.back [6] Section 176A was inserted into the Act of 1986 by the Enterprise Act 2002 (c.40), section 252.back
ISBN 0 11062425 4
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