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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 16 February 2021 - onwards
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Regulation 45 Arrangements and reconstructions: general

(1) Sections 895 to 900 [Sections 896 and 899 were amended by article 3(1) of, and paragraphs 249 and 250 of Schedule 1 to, S.I. 2008/948.] apply to LLPs, modified so that they read as follows -

"895. Application of this Part

The provisions of this Part apply where a compromise or arrangement is proposed between an LLP and -

(a) its creditors, or any class of them, or

(b) its members, or any class of them.

896. Court order for holding of meeting

(1) The court may, on an application under this section, order a meeting of the creditors or class of creditors, or of the members of the LLP or class of members (as the case may be), to be summoned in such manner as the court directs.

(2) An application under this section may be made by -

(a) the LLP,

(b) any creditor or member of the LLP,

(c) if the LLP is being wound up, the liquidator, or

(d) if the LLP is in administration, the administrator.

(4) This section is subject to section 899A (moratorium debts, etc).

897. Statement to be circulat

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