A temporary IPD which has been drafted by Mr Justice Zacaroli with Chief ICCJ Briggs, Mr Justice Snowden and Mr Justice Marcus Smith is in force from today.
It applies to all insolvency proceedings throughout the Business and Property Courts, subject to variations outside London as directed by the relevant supervising judge. It came into force on 6th April and will remain in force until 1 October 2020 unless amended or revoked by a further insolvency practice direction in the meantime.
Its stated purpose is to “assist court users during the current COVID-19 pandemic by avoiding the need for parties to attend court in person, and to deal with some of the problems arising from the need for the courts to operate with limited staff and resources”.
The Vice-Chancellor has issued a Variations and Guidance Note, also effective from today in relation to the on the North and North Eastern Circuit (“the Circuits”).
What does the Temporary IPD provide?
In summary, the new IPD deals with the following:
(1) a Notice of Intention to Appoint an Administrator filed by a company or its directors under Paragraph 27 of Schedule B1;
(2) a Notice of Appointment of an Administrator filed by a qualifying floating charge holder under paragraph 18 of Schedule B1; and
(3) a Notice of Appointment of an Administrator by a company or its directors under Paragraph 29 of Schedule B1.
iii. number of parties who will need to attend; and
Unless ordered otherwise, all insolvency hearings will be conducted remotely by way of Skype for Business or such other technology as the parties and the court agree in advance of the hearing.
What? A Nuisance?
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