Commentary on Sections Miscellaneous Provisions Sections 126-129: Miscellaneous
308.These sections deal with miscellaneous matters such as the fixing of insolvency fees, the admissibility of statements of affairs as evidence, and co-operation between courts in different jurisdictions.
309.They are all based on existing insolvency provisions and modifications are made where necessary.
310.Section 127 provides that as in any other compulsory liquidation in England and Wales, proceeds from the realisation of assets in the bank insolvency procedure must be paid into the Insolvency Services Account. For consistency of approach, this will also be a requirement for the bank liquidator of a Scottish bank.