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Amendment of section 573 of Act of 2014
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22. Section 573 of the Act of 2014 is amended—
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(a) by the designation of the section as subsection (1), and
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(b) by the insertion of the following subsections after subsection (1):
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“(2) Where a provisional liquidator is appointed under subsection (1), the court shall direct that, as soon as reasonably practicable and in any case within such period as may be specified by the court, the provisional liquidator shall inform each relevant person—
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(a) of his or her appointment as provisional liquidator and the date of his or her appointment,
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(b) of the process under this Part in so far as it relates to the employees,
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(c) that a relevant person may provide the provisional liquidator with information about matters they consider to be relevant, and
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(d) of any other matter the provisional liquidator considers relevant.
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(3) In this section, ‘relevant person’ means, in relation to a company—
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(a) an employee of the company, and
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(b) where applicable, an employees’ representative.”.
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