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Statutory Instruments of the Scottish Parliament


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SCOTTISH STATUTORY INSTRUMENTS


2003 No. 385

COURT OF SESSION

Act of Sederunt (Rules of the Court of Session Amendment No.5) (Insolvency Proceedings) 2003

  Made 8th August 2003 
  Coming into force 15th September 2003 

The Lords of Council and Session, under and by virtue of the powers conferred upon them by section 5 of the Court of Session Act 1988[1] and of all other powers enabling them in that behalf, do hereby enact and declare:

Citation and commencement
     1.  - (1) This Act of Sederunt may be cited as the Act of Sederunt (Rules of the Court of Session Amendment No. 5) (Insolvency Proceedings) 2003 and shall come into force on 15th September 2003.

    (2) This Act of Sederunt shall be inserted in the Books of Sederunt.

Amendment of the Rules of the Court of Session
    
2.  - (1) Chapter 74 of the Rules of the Court of Session 1994[2] shall be amended in accordance with the following sub-paragraphs.

    (2) In rule 74.1 (application and interpretation of this Chapter), in paragraph (2) after the definition of "the Insolvency Rules" there shall be inserted the following:-

    (3) In rule 74.4 (lodging of nominee's report - company not in liquidation), in paragraph (1) for the words "an administration order is not in force in respect of it pronounced by the court" there shall be substituted the words "is not in administration".

    (4) In rule 74.5 (lodging of nominee's report - company in liquidation), in paragraph (1) for the words "there is an administration order in force in respect of it pronounced by the court" there shall be substituted the words "is in administration".

    (5) In rule 74.9 (form of other applications)-

    (6) In the heading beneath "PART III", for "ORDERS" there shall be substituted "PROCEDURE".

    (7) In rule 74.10 (form of petition for administration order)-

    (8) In rule 74.11 (notice of petition), in paragraph (a) for "2.2" there shall be substituted "2.3".

    (9) For rules 74.13 (abstracts of administrator's receipts and payments), 74.14 (extension of time for accounts of receipts and payments) and 74.15 (forms of certain applications and appeals) there shall be substituted the following-

    (10) In rule 74.17 (petition to appoint a receiver), in paragraph (b)-

    (11) In rule 74.24 (substitution of creditor or contributory for petitioner), after paragraph (1) there shall be inserted the following:-

    (12) In rule 74.25 (provisional liquidator), in paragraph (b) after the words "Secretary of State" there shall be inserted ", a member State liquidator appointed in main proceedings".

    (13) After rule 74.30 (application in relation to remuneration of liquidator) there shall be inserted the following:-


CULLEN OF WHITEKIRK
Lord President, I.P.D.

Edinburgh
8th August 2003



EXPLANATORY NOTE

(This note is not part of the Act of Sederunt)


This Act of Sederunt makes changes to Chapter 74 of the Act of Sederunt (Rules of the Court of Session) 1994 to support changes made to the Insolvency (Scotland) Rules 1986 by the Insolvency (Scotland) Amendment Rules 2003, and changes made to the Insolvency (Scotland) Act 1986 by the Enterprise Act 2002.

The Act of Sederunt also makes certain consequential changes in support of Council Regulation (EC) 1346/2000 of 29th May 2000 on insolvency proceedings.


Notes:

[1] 1988 c.36; section 5 was amended by section 2(3) of the Civil Evidence (Scotland) Act 1988 (c.32) and by paragraph 45 of Schedule 4 to the Children (Scotland) Act 1995 (c.36).back

[2] S.I. 1994/1443, to which there are amendments not relevant to this Act of Sederunt.back

[3] O.J. L 160, 30/06/2000 P. 0001-0018.back

[4] The Insolvency Act 1986 (c.45) is defined in rule 74.1 of the Rules of the Court of Session as ?OQ?the Act of 1986!, and section 8 was amended by the Financial Services and Markets Act 2000 (c.8), section 359, and by S.I. 2001/3649 and 2002/1240 and 1555, and applied with modifications by the Building Societies Act 1986 (c.53), Schedule 15, the Building Societies Act 1997 (c.32), Schedule 6, and S.I. 2001/1090.back

[5] Schedule B1 was inserted into the Act of 1986 by the Enterprise Act 2002 (c.40), section 248.back

[6] Section 176A was inserted into the Act of 1986 by the Enterprise Act 2002 (c.40), section 252.back



ISBN 0 11062425 4


 
© Crown copyright 2003
Prepared 26 August 2003


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