Moved by
Lord Stevenson of Balmacara
58H: After Clause 74, insert the following new Clause—
“Relationship between an insolvent company and its suppliers
(1) Section 233 of the Insolvency Act 1986 (supplies of gas, water, electricity, etc) is amended as follows.
(2) In subsection (3)(a) at the end insert “or other supplier”.
(3) In subsection (3)(b) at the end insert “or other supplier”.
(4) In subsection (3)(d) at the end insert “or other supplier”.
(5) After subsection (3)(d) insert—
“(e) a supply of computer hardware or software or infrastructure permitting electronic communications.”
(6) After subsection (3) insert—
“(3A) Any provision in a contract between a company and a supplier of goods or services that purports to terminate the agreement, or alter the terms of the contract, on the happening of any of the events specified in subsection (1) is void.””