SCHEDULES

SCHEDULE 3Moratoriums in Great Britain: further amendments

Insolvency Act 1986

12

In section 127 (avoidance of property dispositions etc), after subsection (2) insert—

3

This section has no effect in respect of anything done during a moratorium under Part A1, or during a period mentioned in section 5(4)(a) following the end of a moratorium, where the winding-up order was made on a petition presented before the moratorium begins, unless the petition was presented under section 367 of the Financial Services and Markets Act 2000 on the ground mentioned in section 367(3)(b) of that Act.