The Insolvency (Scotland) Amendment Rules 2014

Made: 29th April 2014

Laid before the Scottish Parliament: 1st May 2014

Coming into force: 30th May 2014

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Citation, commencement and interpretation

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Amendments to the Insolvency (Scotland) Rules 1986

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Definition of accounting period and statutory demand

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Claims and distribution of assets in administration

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Payments of dividends in administration

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Provisional liquidator

6

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Claims in liquidation

7

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Functions of liquidator

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Block transfer order

11

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Outlays and remuneration of liquidator

12

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The liquidation committee

13

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Composition of committee when creditors paid in full

17

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Distribution of company’s assets by liquidator

18

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Limitation

19

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EC Regulation – member State liquidator

20

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Meetings

21

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Power of court to cure defects in procedure

22

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Creditors’ voluntary winding up

23

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Limited Disclosure of statement of affairs

24

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25

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Electronic submission and delivery

26

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Content of notices in Edinburgh Gazette or otherwise advertised

27

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Amendments to forms

28

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Saving

29

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SCHEDULE — Forms

Signed

FERGUS EWING — Authorised to sign by the Scottish Ministers — 29th April 2014

Explanatory note

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Footnotes

[^f00001]: 1986 c.45 (“the 1986 Act”); section 411 was amended by S.I. 2002/1037, the Constitutional Reform Act 2005 (c.4), Schedule 4, Part 1, paragraph 188, S.I. 2007/2194, the Banking Act 2009 (c.1), sections 125 and 160, S.I. 2009/805 and S.I. 2009/1941. The functions of the Secretary of State, insofar as within devolved competence, were transferred to the Scottish Ministers by virtue of section 53 of the Scotland Act 1998 (c.46).

[^f00002]: S.I. 1986/1915, as amended by S.I. 1987/1921, S.I. 1999/1820, S.I. 2002/2709, S.I. 2003/2108, S.I. 2003/2109, S.I. 2003/2111, S.I. 2006/734, S.I. 2007/2537, S.I. 2008/662, S.I. 2009/662, S.I. 2010/688 and S.I. 2012/2404 and S.S.I. 2008/393.

[^f00003]: Section 123 (definition of inability to pay debts) of the 1986 Act.

[^f00004]: Section 222 (inability to pay debts: unpaid creditor for £750 or more) of the 1986 Act.

[^f00005]: Existing Part 2 of S.I. 1986/1915 was substituted by S.I. 2003/2111. Rule 2.41 was amended by S.I. 2006/734, S.I. 2008/662 and S.I. 2010/688.

[^f00006]: Section 129 (commencement of winding up by the court) of the 1986 Act which was amended by the Enterprise Act 2002 (c.40), Schedule 17, paragraph 16.

[^f00007]: Rule 2.41A was inserted by S.I. 2006/734.

[^f00008]: Rule 4.5 was amended by S.I. 1987/1921.

[^f00009]: Rule 4.15 was amended by S.I. 2003/2109.

[^f00010]: Rule 4.16 was amended by S.I. 1987/1921 and S.S.I. 2008/393.

[^f00011]: 1907 c.24.

[^f00012]: Section 129 (commencement of winding up by the court) of the 1986 Act which was amended by the Enterprise Act 2002 (c.40), Schedule 17, paragraph 16.

[^f00013]: Rule 4.22 was substituted by S.I. 1987/1921.

[^f00014]: Rule 4.26 was amended by S.I. 1999/1820.

[^f00015]: Section 172 (removal, etc (winding up by the court)) of the 1986 Act.

[^f00016]: Section 108 (appointment or removal of liquidator by the court) of the 1986 Act.

[^f00017]: The 1986 Act.

[^f00018]: Rule 4.42 was amended by S.I. 1987/1921 and S.I. 1999/1820.

[^f00019]: Rule 4.48 was amended by S.I. 1987/1921 and S.I. 2012/2404.

[^f00020]: Rule 4.50 was amended by S.I. 2012/2404.

[^f00021]: Part 7A of the 1986 Act, inserted by the Tribunals, Courts and Enforcement Act 2007 (c.15), Schedule 17, paragraph 1.

[^f00022]: Rule 4.59 was amended by S.I. 1999/1820.

[^f00023]: Section 189 (interest on debts) of the 1986 Act.

[^f00024]: Rule 4.68 was amended by S.I. 2003/2109.

[^f00025]: Section 129 (commencement of winding up by the court) of the 1986 Act which was amended by the Enterprise Act 2002 (c.40), Schedule 17, paragraph 16.

[^f00026]: Section 386 (categories of preferential debts) of the 1986 Act which was amended by the Pensions Scheme Act 1993 (c.48), Schedule 8, paragraph 18 and the Enterprise Act 2002 (c.40), section 251(3).

[^f00027]: Section 193 (unclaimed dividends (Scotland)) of the 1986 Act which was amended by S.I. 2009/1941.

[^f00028]: Rule 4.83 was inserted by S.I. 2003/2109.

[^f00029]: Rule 7.9 was amended by S.I. 2003/211 and S.I. 2010/688.

[^f00030]: Section 129 (commencement of winding up by the court) of the 1986 Act which was amended by the Enterprise Act 2002 (c.40), Schedule 17, paragraph 16.

[^f00031]: Section 86 (commencement of winding up) of the 1986 Act.

[^f00032]: Paragraph 4 of Schedule 1 was amended by S.I. 1987/1921.

[^f00033]: Rule 3.9 was amended by S.I. 1999/1820.

[^f00034]: The 1986 Act.

[^f00035]: The 1986 Act.

[^f00036]: Section 135 (appointment and powers of provisional liquidator) of the 1986 Act.

[^f00037]: Section 233 (supplies of gas, water, electricity, etc) of the 1986 Act which was amended by the Water Act 1989 (c.15), section 190 and Schedule 25, paragraph 78, the Gas Act 1995 (c.45), Schedule 4, paragraph 14 and Schedule 6, paragraph 1, the Utilities Act 2000 (c.27), Schedule 6, Part III, paragraph 47 and Schedule 8, paragraph 1, the Insolvency Act 2000 (c.39), Schedule 1, paragraph 8, the Enterprise Act 2002 (c.40), Schedule 17, paragraph 22, the Communications Act 2003 (c.21), Schedule 17, paragraph 82 and S.I. 2004/1822.

[^f00038]: Paragraph 83(6)(b) of Schedule B1 (administration) to the 1986 Act which was inserted by the Enterprise Act 2002 (c.40), section 248(2).

[^f00039]: Council Regulation (EC) No. 1346/2000 of 29th May 2000 on insolvency proceedings (OJ L 160, 30.6.2000, p.19).

[^f00040]: Paragraphs (3) and (4) of rule 0.2 were inserted by S.I. 2010/688.

[^f00041]: Rule 7.21 was amended by S.I. 1987/1921 and S.I. 2010/688.

[^f00042]: Rule 7.30A was inserted by S.I. 2010/688.

[^f00043]: Rule 7.30B was inserted by S.I. 2010/688.

[^f00044]: Section 204 (early dissolution (Scotland)) of the 1986 Act.

[^f00045]: Section 205 (dissolution otherwise than under ss 202-204) of the 1986 Act.

[^f00046]: Section 135 (appointment and powers of provisional liquidator) of the 1986 Act.

[^f00047]: Rule 7.21A was inserted by S.I. 2010/688.

[^f00048]: Parts I (company voluntary arrangements), II (administration), III (receivership) and IV (winding up of companies registered under the Companies Acts) of the 1986 Act.

[^f00049]: Section 59(2) (priority of debts) of the 1986 Act.

[^f00050]: Rule 7.21B was inserted by S.I. 2010/688.

[^f00051]: Form 4.9 (Scot) was substituted by S.S.I. 1987/1921.

[^f00052]: Section 51 was amended by the Enterprise Act 2002 (c.40), Schedule 17, paragraph 13, the Bankruptcy and Diligence etc. (Scotland) Act 2007 (asp 3), section 3 and S.S.I. 2011/140.

[^f00053]: Council Regulation (EC) No. 1346/2000 of 29th May 2000 on insolvency proceedings (OJ L 160, 30.6.2000, p.19).

Functions of liquidator

Block transfer order

Outlays and remuneration of liquidator

The liquidation committee

Composition of committee when creditors paid in full

Distribution of company’s assets by liquidator

Limitation

EC Regulation – member State liquidator

Meetings

Power of court to cure defects in procedure

Creditors’ voluntary winding up

Limited Disclosure of statement of affairs

Electronic submission and delivery

Content of notices in Edinburgh Gazette or otherwise advertised

Amendments to forms

Saving

Editorial notes

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