# Act of Insolvency

> any of the following:the taking of any step in connection with any voluntary arrangement or any other compromise or arrangement for the benefit of any

**Term:** Act of Insolvency  
**Last updated:** 2026-06-12

## Definition

### Definition 1

any analogous proceedings or events that may be taken pursuant to the legislation of another jurisdiction in relation to a tenant or guarantor incorporated or domiciled in such relevant jurisdiction.

### Definition 2

any analogous proceedings or events that may be taken pursuant to the legislation of another jurisdiction in relation to a licensee incorporated or domiciled in such relevant jurisdiction.

## Context

### Relevant circumstances

- When a counterparty faces administration, winding-up or bankruptcy
- If insolvency events trigger termination or step-in rights
- Where analogous foreign proceedings are treated as acts of insolvency

### Relevant sectors

- Real Estate
- Compliance
- Dispute Resolution

## Relevant contract types

- [Unfair Contract Terms Act](https://www.genieai.co/en-us/template-type/unfair-contract-terms-act)
- [Service Agreement](https://www.genieai.co/en-us/template-type/service-agreement)
- [Sale Agreement](https://www.genieai.co/en-us/template-type/sale-agreement)

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