Prospective

THE FIRST GROUP OF PARTSE+W

PART 1E+WCOMPANY VOLUNTARY ARRANGEMENTS

CHAPTER 3E+WPROPOSAL BY ADMINISTRATOR OR LIQUIDATOR (HIMSELF THE NOMINEE)

Preparation of proposalE+W

1.10.—(1) The responsible insolvency practitioner's proposal shall specify—

(a)all such matters as under Rule 1.3 in Chapter 2 the directors of the company would be required to include in a proposal by them, and

(b)such other matters (if any) as the insolvency practitioner considers appropriate for ensuring that members and creditors of the company are enabled to reach an informed decision on the proposal.

(2) Where the company is being wound up by the court, the insolvency practitioner shall give notice of the proposal to the official receiver.