Lord Offord of Garvel:

Moved by Lord Offord of Garvel

141: Clause 284, page 189, line 4, leave out from second “to” to end of line 11 and insert— “(a) a bankruptcy order having been made in relation to the trader (or, in Scotland, the trader’s estate having been sequestrated),(b) a winding up order having been made in relation to the trader as a result of the trader’s insolvency,(c) an appointment of a liquidator (otherwise than following the making of a winding up order) as a result of the trader’s insolvency,(d) the trader being in administration,(e) the appointment of an administrative receiver (or, in Scotland, a receiver) in relation to the trader, or(f) in any jurisdiction, the trader being subject to an order or procedure that corresponds to any order or procedure mentioned in paragraphs (a) to (e).”Member's explanatory statementThis amendment broadens the definition of insolvency for the purposes of the Chapter.

Amendment 141 agreed.

Clause 297: Revocation or suspension of accreditations etc