The object of this Part, and Schedule
to the extent that it relates to this Part, is to provide for the business, property and affairs of an insolvent company to be administered in a way that:
(a) maximises the chances of the company, or as much as possible of its business, continuing in existence; or
(b) if it is not possible for the company or its business to continue in existence
results in a better return for the company's creditors and members than would result from an immediate winding up of the company.
contains additional rules about companies under external administration.
Regulation 10.25.02(3)(g) (which was effective 1 March 2017) provides that the amendments made by No 11 of 2016, s 3, Sch 2 and  apply in relation to external administrations on and after 1 September 2017.]