Section 310H — Companies Act 1993: Rights under netting agreement not affected by commencement of liquidation

310H Rights under netting agreement not affected by commencement of liquidation Nothing in section 248(1) affects, in respect of a company in liquidation, the exercise of any of the following rights under a netting agreement: (a) The termination, in accordance with the netting agreement, of all or any transactions that are subject to the netting agreement by reason of the occurrence of an event specified in the netting agreement, being an event (including the appointment of a liquidator) occurring not later than the commencement of the liquidation; or (b) The taking of an account, in accordance with the netting agreement, of all money due between the parties to the netting agreement in respect of transactions affected by the termination. Sections 310A to 310O were inserted, as from 26 April 1999, by section 15 Companies Amendment Act 1999 (1999 No 19).