Part 1 Exclusions
Corporate Insolvency and Governance Act 2020 (2020 c 12) | Legislation

SCHEDULE 12 Protection of Supplies of Goods and Services: Great Britain

Section 14

Part 1 Exclusions

1

In the Insolvency Act 1986, after Schedule 4 insert—

“SCHEDULE 4ZZA
Protection of Supplies under Section 233B: Exclusions
Section 233B
Part 1
Essential Supplies

Essential supplies

1

(1)     Section 233B(3) and (4) do not apply in relation to provision of a contract if—

(a)     the company becomes subject to a relevant insolvency procedure as specified in section 233B(2)(b) or (d), and

(b)     the provision of the contract ceases to have effect under section 233A(1).

(2)     Section 233B(7) does not apply in relation to a supply to the company if—

(a)     the company becomes subject to a relevant insolvency procedure as specified in section 233B(2)(b) to (f), and

(b)     the supply is a supply mentioned in section 233(3).

Part 2
Persons Involved in Financial Services

Introductory

2

Section 233B does not apply in relation to a contract for the supply of goods or services to a company (“the companyâ€) where any of paragraphs 3 to 11 applies.

Insurers

3

(1)     This paragraph applies where either the company or the supplier—

(a)     carries on the regulated activity

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