Clause 507

by inserting, immediately after the words “Companies Act” in section 2(2)(d)(iii), the words “or section 71 of the Insolvency, Restructuring and Dissolution Act 2018”;

by deleting the words “Bankruptcy Act (Cap. 20)” in paragraph (a) of the definition of “relevant office holder” in section 48(1) and substituting the words “Insolvency, Restructuring and Dissolution Act 2018”;

by deleting paragraphs (a) and (b) of section 48(4) and substituting the following paragraph:“(a)the Insolvency, Restructuring and Dissolution Act 2018; and”;

by deleting subsection (3) of section 81D and substituting the following subsection:“(3) Section 210 of the Companies Act and sections 71, 129, 130(2), 133(1), 170(1), 187, 276, 325 and 327 of the Insolvency, Restructuring and Dissolution Act 2018 do not prevent, or interfere with, any default proceedings.”;

by deleting the words “sections 87 and 88 of the Bankruptcy Act (Cap. 20) and section 327 of the Companies Act (Cap. 50)” in section 81F(2) and substituting the words “sections 218, 219, 345 and 346 of the Insolvency, Restructuring and Dissolution Act 2018”;

by deleting the words “section 88 of the Bankruptcy Act or section 327 of the Companies Act” in section 81F(2)(b) and substituting the words “section 219 or 346 of the Insolvency, Restructuring and Dissolution Act 2018”;

by deleting the words “Section 110 of the Bankruptcy Act (Cap. 20) and section 332 of the Companies Act (Cap. 50)” in section 81G(1) and substituting the words “Sections 230, 231, 373 and 374 of the Insolvency, Restructuring and Dissolution Act 2018”;

by deleting the words “Section 77 of the Bankruptcy Act and sections 259 and 299(1) of the Companies Act” in section 81G(2) and substituting the words “Sections 130(1), 170(1) and 328 of the Insolvency, Restructuring and Dissolution Act 2018”;

by deleting paragraphs (a), (b) and (c) of section 81H(1) and substituting the following paragraph: “section 224, 225, 228, 361, 362, 366 or 438 of the Insolvency, Restructuring and Dissolution Act 2018.”;

by deleting the words “section 291(1) of the Companies Act (Cap. 50)” in paragraph (b) of the definition of “specified event” in section 81I(4) and substituting the words “section 161(1) of the Insolvency, Restructuring and Dissolution Act 2018”;

by deleting the words “section 296 of the Companies Act” in paragraph (c) of the definition of “specified event” in section 81I(4) and substituting the words “section 166 of the Insolvency, Restructuring and Dissolution Act 2018”;

by deleting paragraph (e) of the definition of “specified event” in section 81I(4) and substituting the following paragraph:“(e)the appointment of a judicial manager under Part 7 of the Insolvency, Restructuring and Dissolution Act 2018 in respect of the second participant or that person, as the case may be;”;

by deleting the words “Bankruptcy Act (Cap. 20)” in section 186(2) and substituting the words “Insolvency, Restructuring and Dissolution Act 2018”;

by deleting the words “Part V of the Bankruptcy Act” in section 186(3) and (4)(a), (b) and (c) and substituting in each case the words “Part 14 of the Insolvency, Restructuring and Dissolution Act 2018”;

by deleting the words “section 306 of the Companies Act (Cap. 50)” in section 273(1)(ci) and substituting the words “section 178 of the Insolvency, Restructuring and Dissolution Act 2018”;

by deleting the definition of “Official Receiver” in section 295A(14) and substituting the following definition:“ “Official Receiver” has the meaning given by section 2(1) of the Insolvency, Restructuring and Dissolution Act 2018;”; and

by deleting the words “Bankruptcy Act (Cap. 20)” in paragraph 4 of the Third Schedule and substituting the words “Insolvency, Restructuring and Dissolution Act 2018”.