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The Department of Enterprise, Trade and Investment being a Department designated[1] for the purposes of section 2(2) of the European Communities Act 1972[2] in relation to insolvency, in exercise of the powers conferred upon it by the said section 2(2) and of every other power enabling it in that behalf, hereby makes the following Regulations: Citation and commencement 1. These Regulations may be cited as the Insolvency (Northern Ireland) Order 1989 (Amendment No. 2) Regulations (Northern Ireland) 2002 and shall come into operation on 5th December 2002. Interpretation 2. - (1) In these Regulations "the Order" means the Insolvency (Northern Ireland) Order 1989[3]. (2) The Interpretation Act (Northern Ireland) 1954[4] shall apply to these Regulations as it applies to an Act of the Northern Ireland Assembly. Amendments to the Insolvency (Northern Ireland) Order 1989 3. The Order shall be amended as provided in regulations 4 to 16. Modified definition of property 4. After Article 2 (general interpretation) insert -
2A. In the application of this Order to proceedings by virtue of Article 3 of the EC Regulation, a reference to property is a reference to property which may be dealt with in the proceedings.".
Amendment to Article 3
Amendment to Article 6
Amendment to Article 14
Amendment to Article 21
Amendment to Article 104
Amendment to Article 185
Amendment to Article 189
Amendment to Article 204
Amendment to Article 238
(bb) by a liquidator (within the meaning of Article 2(b) of the EC Regulation) appointed in proceedings by virtue of Article 3(1) of the EC Regulation,".
Amendment to Article 239
Amendment to Article 303
Amendments to Article 347
(ab) if the company is deemed to have passed a resolution for voluntary winding up by virtue of an order following conversion of administration into winding up under Article 37 of the EC Regulation, the relevant date is the date of the making of the administration order;",
(b) in sub-paragraph (b) after "sub-paragraph (a)" insert ", (aa) or (ab)", and
(This note is not part of the Regulations.) These Regulations make amendments to the Insolvency (Northern Ireland) Order 1989 (S.I. 1989/2405 (N.I. 19)) ("the Order") as a result of the adoption by the Council of the European Union of Council Regulation (EC) No. 1346/2000 of 29th May 2000 on insolvency proceedings (O.J. No. L160, 30.06.00, p. 1) ("the EC Regulation") which came into force on 31st May 2002. The EC Regulation aims to provide for the efficient and effective functioning of cross-border insolvency proceedings in the European Union. These Regulations provide amendments to the Order to ensure that provisions of domestic law do not conflict with the EC Regulation and generally to provide for it. The Regulations amend the Order by -
(b) providing that companies in relation to which UK courts may open proceedings under the EC Regulation may take advantage of various procedures under the Order (regulations 7, 8 and 10); (c) allowing temporary administrators appointed by courts in other member States of the European Union and liquidators appointed in main proceedings to present winding up petitions and bankruptcy petitions (regulations 9 and 13); (d) clarifying the jurisdiction of the High Court (regulation 11); and (e) making it clear that the conditions which must be satisfied in order to enable a person to present a bankruptcy petition are subject to the EC Regulation (regulation 14).
The Regulations also contain other technical amendments (regulations 5, 6, 12, 15 and 16). Notes: [1] S.I. 2001/3495back [3] S.I. 1989/2405 (N.I. 19); Article 3(3) was modified by the Insolvent Partnerships Order (Northern Ireland) 1995, (S.R. 1995 No. 225), Article 14; Article 21 was amended by the Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001, (S.I. 2001/3649); Article 104(1) was amended by the Criminal Justice (Northern Ireland) Order 1994, (S.I. 1994/2795 (N.I. 15)), Article 26(1) and Schedule 2, paragraph 16; Article 104(5) was amended by the Companies (No. 2) (Northern Ireland) Order 1990, (S.I. 1990/1504 (N.I. 10)) Article 8; Articles 359, 364 and 365 were amended, and the definition of "EC Regulation" was inserted in Article 2 by the Insolvency (Northern Ireland) Order 1989 (Amendment) Regulations (Northern Ireland) 2002, (S.R. 2002 No. 223)back
ISBN 0 33794390 7
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