The Relevant Licensee Nuclear Company Administration (England and Wales) Rules 2023
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Change 1
As published
30 Decision making
(1) Where the nuclear administrator seeks a decision from the creditors on any issue, Chapters 2, 3, 6, 7, 8, 9 and 11 of Part 15 and Part 16 of the Insolvency Rules apply, as they apply to administration—
(a) with the modifications set out in paragraph (2), and
(b) subject to paragraph (3).
(2) The modifications are—
(a) for “administration”, in each place, substitute “relevant licensee nuclear company administration”;
(b) for “administrator”, in each place, substitute “nuclear administrator”;
(c) for “company”, in each place, substitute “relevant licensee nuclear company”;
(d) for “convener”, in each place, substitute “nuclear administrator”;
(e) in rule 15.8, the reference to rule 14.31(1) is a reference to rule 70 of these Rules;
(f) the following is substituted for rule 15.21—
15.21. (1) The chair of the meeting must be either the nuclear administrator or a person nominated by the nuclear administrator in writing to be chair.
(2) A person may only be nominated under paragraph (1) if the person—
(a) is qualified to act as an insolvency practitioner (within the meaning of Part 13 of the Act) in relation to the relevant licensee nuclear company, or
(b) is an employee of the nuclear administrator or the nuclear administrator’s firm who is experienced in insolvency matters.
;
(g) in rule 15.31, the reference to rule 14.24 is a reference to rule 55 of these Rules;
(h) in rule 16.6 the reference to rule 1.58 is a reference to rule 177 of these Rules.
(3) In the application of Part 15 of the Insolvency Rules to a decision sought by the nuclear administrator in a relevant licensee nuclear company administration, rules 15.16, 15.24, 15.28(6), 15.29 and 15.30 do not apply.
Your change, as a redline
30 Decision making
(1) Where the nuclear administrator seeks a decision from the creditors on any issue, Chapters 2, 3, 6, 7, 8, 9 and 11 of Part 15 and Part 16 of the Insolvency Rules apply, as they apply to administration—
(a) with the modifications set out in paragraph (2), and
(b) subject to paragraph (3).
(2) The modifications are—
(a) for “administration”, in each place, substitute “relevant licensee nuclear company administration”;
(b) for “administrator”, in each place, substitute “nuclear administrator”;
(c) for “company”, in each place, substitute “relevant licensee nuclear company”;
(d) for “convener”, in each place, substitute “nuclear administrator”;
(e) in rule 15.8, the reference to rule 14.31(1) is a reference to rule 70 of these Rules;
(f) the following is substituted for rule 15.21—
15.21. (1) The chair of the meeting must be either the nuclear administrator or a person nominated by the nuclear administrator in writing to be chair.
(2) A person may only be nominated under paragraph (1) if the person—
(a) is qualified to act as an insolvency practitioner (within the meaning of Part 13 of the Act) in relation to the relevant licensee nuclear company, or
(b) is an employee of the nuclear administrator or the nuclear administrator’s firm who is experienced in insolvency matters.
;
(g) in rule 15.31, the reference to rule 14.24 is a reference to rule 55 of these Rules;
(h) in rule 16.6 the reference to rule 1.58 is a reference to rule 177 of these Rules.
(3) In the application of Part 15 of the Insolvency Rules to a decision sought by the nuclear administrator in a relevant licensee nuclear company administration, rules 15.16, 15.24, 15.28(6), 15.29 and 15.30 do not apply.
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