Section 233B Insolvency Act 1986 – What does it mean for
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Section 233B: Who Does It Work to Protect?Section 233B: What Does It Restrict?Unanswered QuestionsPractical Conside Assuming an insolvency event has arisen, Section 233B restricts the following (in the absence of consent or court permission): 1. The operation of a contractual clause automatically terminating the contract upon an event of client insolvency; 2. The operation of a contractual clause imposing a different regime upon an event of client insolvency; 3....
Assuming an insolvency event has arisen, Section 233B restricts the following (in the absence of consent or court permission): 1. The operation of a contractual clause automatically terminating the contract upon an event of client insolvency; 2. The operation of a contractual clause imposing a different regime upon an event of client insolvency; 3....
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