Relief not to be available for companies in insolvency
10(1)After section 1217RK insert—
“Companies in insolvency
1217RKANo claim if company in administration or liquidation
(1)A company may not make a claim under section 1217RD or section 1217RG at a time when it is in administration or liquidation.
(2)For the purposes of this section, a company is in administration if—
(a)it is in administration under Part 2 of the Insolvency Act 1986 or Part 3 of the Insolvency (Northern Ireland) Order 1989 (S.I. 1989/2405 (N.I. 19)), or
(b)a corresponding situation under the law of a country or territory outside the United Kingdom exists in relation to the company.
(3)For the purposes of this section, a company is in liquidation if—
(a)it is in liquidation within the meaning of section 247 of that Act or Article 6 of that Order, or
(b)a corresponding situation under the law of a country or territory outside the United Kingdom exists in relation to the company.”
(2)That amendment has effect in relation to claims made on or after 1 April 2024.