PART 3ADMINISTRATION

Administration in relation to insolvent partnership6

1

The provisions of Part III of, and Schedule B1 to, the Order shall apply in relation to an insolvent partnership, certain of those provisions being modified in such manner that, after modification, they are as set out in Schedule 2.

2

For the purposes of the provisions of the Order applied by paragraph (1), the provisions of the Order specified in paragraph (3) (including any related Schedule) insofar as they relate to the appointment of an administrator, shall also apply in relation to insolvent partnerships.

3

The provisions referred to in paragraph (2) are—

a

Articles 2 to 7 in Part 1,

b

Part VII,

c

Part XI,

d

Part XII,

e

Articles 359 to 363 in Part XIII, and

f

Part XIV.