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SCHEDULES

SCHEDULE 4U.K.Moratoriums in Great Britain: temporary provision

PART 3E+WTemporary rules: England and Wales

Modifications etc. (not altering text)

C4Sch. 4 Pts. 1-3 applied in part (with modifications) (E.W.) by S.I. 2012/3013, Sch. 1 para. 1 (as modified (7.7.2020) by The Charitable Incorporated Organisations (Insolvency and Dissolution) (Amendment) Regulations 2020 (S.I. 2020/710), regs. 1, 5 (with reg. 6)); [Editorial note: The affecting legislation is revoked and this amendment is reversed (13.8.2020) by The Charitable Incorporated Organisations (Insolvency and Dissolution) (Amendment) (No. 2) Regulations 2020 (S.I. 2020/856), regs. 1(2), 2]

C5Sch. 4 Pts. 1-3 applied in part (with modifications) (E.W.) by S.I. 2012/3013, Sch. 1 para. 1 (as modified (13.8.2020 immediately after the coming into force of S.I. 2020/856, reg. 2) by The Charitable Incorporated Organisations (Insolvency and Dissolution) (Amendment) (No. 2) Regulations 2020 (S.I. 2020/856), regs. 1(3), 6 (with reg. 7))

Obtaining creditor consent: qualifying decision procedureE+W

26E+WRule 15.31 of the England and Wales Insolvency Rules (calculation of voting rights) has effect as if—

(a)before paragraph (1) there were inserted—

(A1)In relation to a decision to consent to a revised end date for a moratorium under section A12 of the Act votes are calculated according to the amount of each creditor's claim at the decision date.;

(b)after paragraph (2) there were inserted—

(2A)But in relation to a decision to consent to a revised end date for a moratorium under section A12 of the Act, a debt of an unliquidated or unascertained amount is to be valued at £1 for the purposes of voting unless the convener or chair or an appointed person decides to put a higher value on it.;

(c)in paragraph (6), after sub-paragraph (b) there were inserted—

(c)where the decision relates to whether to consent to a revised end date for a moratorium under section A12 of the Act.

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