SCHEDULES

SCHEDULE 1LIMITED LIABILITY PARTNERSHIPS

PART 2Amendments to the Limited Liability Partnerships Regulations 2001, England and Wales

Modifications to the items relating to Schedule A1 of the Insolvency Act 1986

42. For the item relating to sub-paragraph (1) of paragraph 30 substitute—

“Provisions Paragraph 30	Modifications
sub-paragraph (1)	Omit “the company meeting summoned under paragraph 29 and”. For “that paragraph” substitute “paragraph 29”.
new sub-paragraph (1A)	“If modifications to the proposal are proposed by creditors, the nominee must, before the date on which the creditors are to be asked whether to approve the proposed voluntary arrangement, ascertain from the limited liability partnership whether or not it agrees to the proposed modifications; and if at that date the limited liability partnership has failed to respond to a proposed modification, it shall be presumed not to have agreed to it.”.”

“Provisions

Paragraph 30

Modifications

sub-paragraph (1)

Omit “the company meeting summoned under paragraph 29 and”.

For “that paragraph” substitute “paragraph 29”.

new sub-paragraph (1A)

“If modifications to the proposal are proposed by creditors, the nominee must, before the date on which the creditors are to be asked whether to approve the proposed voluntary arrangement, ascertain from the limited liability partnership whether or not it agrees to the proposed modifications; and if at that date the limited liability partnership has failed to respond to a proposed modification, it shall be presumed not to have agreed to it.”.”