The Scotland Act 1998 (Insolvency Functions) Order 2018 came into force earlier this month. The Order will result in the Scottish Ministers and a Minister of the Crown being able to make rules for the winding-up of companies in Scotland, irrespective of whether those rules relate to reserved matters under Schedule 5 of the Scotland Act 1998. Further information is available in the note at the end of the Order as well as the accompanying explanatory memorandum: see, respectively, here and here (pdf).
Tuesday, 13 February 2018
UK: The Scotland Act 1998 (Insolvency Functions) Order 2018
The Scotland Act 1998 (Insolvency Functions) Order 2018 came into force earlier this month. The Order will result in the Scottish Ministers and a Minister of the Crown being able to make rules for the winding-up of companies in Scotland, irrespective of whether those rules relate to reserved matters under Schedule 5 of the Scotland Act 1998. Further information is available in the note at the end of the Order as well as the accompanying explanatory memorandum: see, respectively, here and here (pdf).
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