The Insolvency (England and Wales) Rules 2016 made: in force on 6 April 2017

The final form of the Insolvency (England and Wales) Rules 2016 (SI 2016/ 1024) (IR 2016) is here. The IR 2016 will come into force on 6 April 2017 for all existing and future insolvency appointments in England and Wales, subject to short term transitional provisions. The Insolvency Service has published a table of derivations, and we understand that a table of destinations will follow.

This concludes a long period of waiting and starts a period of significant adjustment by the insolvency industry. The IR 2016 replace the Insolvency Rules 1986 (SI 1986/1925) (IR 1986) which, for the last 30 years, have been a daily resource for those involved in insolvency appointments and insolvency law. The IR 2016 are intended to modernise and simplify the IR 1986 and consolidate many of the instruments that currently supplement them.

By |2018-11-01T13:12:18+00:00November 3rd, 2016|Changes in the law, Insolvency and Restructuring|0 Comments

About the Author:

Donal Blaney
Donal is the owner and managing director of Griffin Law. His particular specialisms as a litigator are in respect of complex financial disputes with an international dimension, trust and tax disputes and asset tracing. Donal prides himself, and his firm, on being proactive, innovative, tenacious and commercially-minded. He is the kind of lawyer you want on your side, not against you.

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