Insolvency Act · 2022 Revised Edition · Part · Judicial Management
50. Trade union representation on behalf of members who are creditors and employees of company
Official textFrom Attorney General's Chambers, unchanged
Where employees of a company are creditors, by reason that wages or salary are payable to them whether by way of allowance or reimbursement under contracts of employment or any award or agreement regulating conditions of employment or otherwise, and where the employees are members of a trade union that is recognised under the Trade Unions Act
company
“company” means a company incorporated or registered under the Companies Act;
(Chapter 128), it shall be sufficient compliance by the judicial manager with sections 42, 44 and 45 if the notice, statement of proposals or revised
Insolvency proposals referred to therein are sent to the trade union representing the employees.
insolvency
“insolvency”, in relation to a company, includes the approval of a voluntary arrangement or the appointment of a judicial manager;
A trade union to which subsection (1) applies shall be entitled to represent any such employees at a meeting of the company’s creditors summoned under section 44 or, with leave of the Court, to apply to the Court under section 49 on their behalf or may make representations to the judicial manager on behalf of those employees in respect of —
Court
“Court”, in relation to a company, means a court having jurisdiction to wind up the company;
any matter connected with or arising from the continuation or termination of their contracts of employment under section 40; or
any matter relating to any arbitration award or any collective agreement certified under the Trade Unions Act (Chapter 128) that affects those employees.
Terms defined in s 3
company
Defined · s 3“company” means a company incorporated or registered under the Companies Act;
Court
Defined · s 3“Court”, in relation to a company, means a court having jurisdiction to wind up the company;
insolvency
Defined · s 3“insolvency”, in relation to a company, includes the approval of a voluntary arrangement or the appointment of a judicial manager;
Part
Winding Up of Companies Registered Under Companies Act
Chapter I
Chapter II
Chapter III
Chapter IV
Chapter V
Chapter VI
Chapter VII
Chapter VIII
Chapter IX
Chapter X
Part