Moratorium Section 4 and Schedule 5 and 6: Moratoriums in Northern Ireland
This section makes provision for Northern Ireland that is equivalent to that made by section 1 for Great Britain. It inserts a new Part 1A into the Insolvency (Northern Ireland) Order 1989, corresponding to the new Part A1 of the Insolvency Act 1986.This section also introduces Schedules 5 and 6 which respectively insert Schedule ZA1 dealing with conditions for eligibility and Schedule ZA2 dealing with contracts involving financial services into the Insolvency (Northern Ireland) Order 1989. These provisions are essentially identical to what is done for Great Britain. There are some technical differences in the drafting, due to minor differences in the underlying law in Northern Ireland.