#2026/6Insolvency (Amendment) Act (Northern Ireland) 2026
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The law updates Northern Irelandâs insolvency rules and brings them closer to reforms already made in Great Britain. It gives administrators stronger tools to pursue people involved in fraudulent or wrongful trading when a company is in administration, including claims for contributions to the companyâs assets. The changes matter for company directors, insolvency practitioners, creditors, partnerships, and businesses in financial distress. Directors face clearer risk if they keep trading when insolvency is unavoidable, while creditors may have better routes to recover money where misconduct reduced the value of an insolvent business.
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Key Changes
- Allows administrators to bring claims for fraudulent trading during company administration
- Allows administrators to seek court-ordered contributions from directors involved in wrongful trading
- Updates Northern Ireland insolvency law to align with wider UK insolvency reforms and includes changes for insolvent partnerships
Obligations
What this law requires
Persons involved in a company in administration must not knowingly carry on the companyâs business with intent to defraud creditors or for any fraudulent purpose, because the High Court may order knowing participants to contribute to the companyâs assets on an administratorâs application.
A director or former director of a company in insolvent administration may be required by the High Court to contribute to the companyâs assets where the statutory wrongful trading conditions are met, on application by the administrator.