Section 339: General rule
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
339. General rule
The provisions of a netting agreement will be enforceable in accordance
with its terms, including against an insolvent party, and, where applicable,
against a guarantor or other person providing security for the insolvent party
and will not be stayed, avoided or otherwise limited by—
(a) any action of the liquidator;
(b) any other enactment relating to bankruptcy, reorganisation, composition with creditors, receivership, conservatorship or any other
insolvency proceeding the insolvent party may be subject to; or
(c) any other enactment that may be applicable to the insolvent party.
I14 – 187 [Issue 4]
Insolvency Act