[233B Protection of supplies of goods and services]
Insolvency Act 1986 (1986 c 45) | Legislation

[233B  Protection of supplies of goods and services]

[(1)     This section applies where a company becomes subject to a relevant insolvency procedure.

(2)     A company becomes subject to a relevant insolvency procedure for the purposes of this section where—

(a)     a moratorium under Part A1 comes into force for the company,

(b)     the company enters administration,

(c)     an administrative receiver of the company is appointed (otherwise than in succession to another administrative receiver),

(d)     a voluntary arrangement approved under Part 1 takes effect in relation to the company,

(e)     the company goes into liquidation,

(f)     a provisional liquidator of the company is appointed (otherwise than in succession to another provisional liquidator), or

(g)     a court order is made under section 901C(1) of the Companies Act 2006 in relation to the company (order summoning meeting relating to compromise or arrangement).

(3)     A provision of a contract for the supply of goods or services to the company ceases to have effect when the company becomes subject to the relevant insolvency procedure if and to the extent that, under the provision—

(a)     the contract or the supply would terminate, or any other thing

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Notice of assignment

notice of [assignment OR transfer]To: [insert name of landlord][of [insert address] OR whose registered office is at [insert address] Company number [insert number]][and][To: [insert name of head landlord]][of [insert address] OR whose registered office is at [insert address] Company number [insert

LEXISNEXIS

Control of asbestos—duty to manage

The Control of Asbestos Regulations 2012 (CAR 2012) place various duties on employers to protect employees from risks related to exposure to asbestos and make it clear that these duties, so far as is reasonably practicable, are also owed to any other person, whether at work or not, who may be

LEXISNEXIS

Legal Services Board

Legal Services BoardThe Legal Services Board (LSB) is the single independent oversight regulator of the legal profession and sector in England and Wales. It does not directly regulate individual lawyers and, in most circumstances, will not directly regulate firms.Mandate and structureThe LSB is the

LEXISNEXIS

Negligence—key elements to establish a negligence claim

Negligence—key elements to establish a negligence claimNegligence—what are the key ingredients to establish a claim in negligence?For liability in negligence to be founded, four key ingredients must be present:•duty of care•breach of that duty•damage (which is caused by the breach)•foreseeability of