Part I Company Insolvency and Winding Up
Insolvency Act 1986 (1986 c 45) | Legislation

SCHEDULE 11 Transitional Provisions and Savings

Section 437

Part I Company Insolvency and Winding Up

Administration orders

1

(1)     Where any right to appoint an administrative receiver of a company is conferred by any debentures or floating charge created before the appointed day, the conditions precedent to the exercise of that right are deemed to include the presentation of a petition applying for an administration order to be made in relation to the company.

(2)     “Administrative receiver” here has the meaning assigned by section 251.

Receivers and managers (England and Wales)

2

(1)     In relation to any receiver or manager of a company's property who was appointed before the appointed day, the new law does not apply; and the relevant provisions of the former law continue to have effect.

(2)     “The new law” here means Chapter I of Part III, and Part VI, of this Act; and “the former law” means [the Companies Act 1985] and so much of this Act as replaces provisions of that Act (without the amendments in paragraphs 15 to 17 of Schedule 6 to the Insolvency Act 1985, or the associated repeals made by that Act), and any provision of the

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