Insolvency Act · s 9

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s 9Moratorium

(1)

If the directors of a company intend to make a proposal for a voluntary arrangement, they may take steps to obtain a moratorium for the company.

(2)

The provisions of Schedule 1 have effect with respect to —

(a)

companies obtaining a moratorium under this section;

(b)

the procedure for obtaining such a moratorium;

(c)

the effects of such a moratorium; and

(d)

the procedure applicable (in place of sections 11, 12 and 14)

in relation to the approval and implementation of a voluntary arrangement where such a moratorium is or has been in force.