Section 356: Insolvency
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.
356. Insolvency
(1) Notwithstanding the commencement of an insolvency proceeding, the
law applicable under this Part governs all the issues specified in section
351 (1) with respect to any event that has occurred before the commencement of that insolvency proceeding.
(2) Nothing in this Part shall affect the application of any substantive or
procedural insolvency rule, including any rule relating to—
(a) the ranking of categories of claims or the avoidance or setting
aside of a disposition as a voidable preference or charge or an
alienation with intent to defeat a creditor; or
(b) the enforcement of rights after the commencement of an insolvency proceeding.
Sub-Part V – General