Companies Act 2014 section 1280A

Application of Chapter 7 of Part 11 to unlimited companies

Section 1280A explains how certain provisions governing examinership (Chapter 7 of Part 11) are modified when they apply to unlimited companies, in line with EU bank recovery and resolution directives.

  • Certain examinership provisions in Chapter 7 of Part 11 are modified when applied to unlimited companies
  • The specific modifications are set out in Chapter 1A of Part 25 of the Companies Act 2014
  • These modifications give effect to EU Directive 2014/59/EU on bank recovery and resolution, as subsequently amended
  • The amending directives are Directive (EU) 2017/2399 and Directive (EU) 2019/879, which updated the original bank recovery framework

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