In summary, the purposes of the draft Order are to:
modernise certain aspects of Scottish corporate insolvency law to bring them into line with the position in England and Wales;
promote the on-going operation and rescue of viable businesses that are subject to personal insolvency proceedings; and
apply certain aspects of the Public Services Reform (Insolvency) (Scotland) Order 2016 to a winding up of a company that is underway at the time that Order comes into force, as opposed to those aspects applying only to a new...