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Section 394: Disclosure of notice

Insolvency Act · PART VIII: OFFENCES

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.

394. Disclosure of notice (1) Subject to subsection (2), every person who discloses that a notice has been given under section 297 shall commit an offence. (2) Subsection (1) shall not apply to the disclosure or publication of the fact that a notice has been so given where the disclosure or publication is made— (a) to any professional or financial adviser of the company or related company to which the notice relates; (b) with the written consent of the Director, for the purposes of the sale or other disposition, or the possible sale or other disposition of the capital or business undertaking of a prescribed company or related company; (c) with the written consent of the Director to any person who has a proper interest in knowing that the notice has been given.

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