Glossary

Looking for the right term then try the glossary:

Term Definition Legal instruments

insolvency proceedings

01/03/2016

THIS DEFINITION ONLY APPLIES TO THE FEES PART

means:

(1) any proceedings under the Insolvency Act 1986 or Companies Act 2006 to have a firm declared insolvent or to wind up its business including, without limitation, administration, company voluntary arrangement, scheme of arrangement, receivership, administrative receivership, liquidation, sequestration or appointment of a trustee in bankruptcy;    

(2) any proceedings under the Banking Act 2009 special insolvency regime; or

(3) any equivalent process in any jurisdiction outside the United Kingdom.