Pre-packaged insolvency resolution process expanded to include defined commencement, period, costs and related procedural references. Amendment of section 5 adds definitions and cross-references to integrate a pre-packaged insolvency resolution process into the Act, including definitions of base resolution plan, preliminary information memorandum, pre-packaged insolvency commencement date, enumerated pre-packaged insolvency resolution process costs, and the pre-packaged insolvency resolution process period, and inserts references throughout existing clauses to apply relevant provisions to the pre-packaged process.
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Pre-packaged insolvency resolution process expanded to include defined commencement, period, costs and related procedural references.
Amendment of section 5 adds definitions and cross-references to integrate a pre-packaged insolvency resolution process into the Act, including definitions of base resolution plan, preliminary information memorandum, pre-packaged insolvency commencement date, enumerated pre-packaged insolvency resolution process costs, and the pre-packaged insolvency resolution process period, and inserts references throughout existing clauses to apply relevant provisions to the pre-packaged process.
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