508. (1) In this Part—

“court” shall be read in accordance with section 509(7);

“director” includes a shadow director;

“examiner” means an examiner appointed under section 509;

“independent expert” shall be read in accordance with section 511(2);

“insurer” has the same meaning as it has in the Insurance Act 1989;

“interested party”, in relation to a company to which section 509 relates, means—

(a) a creditor of the company, or

(b) a member of the company;

F294["Preventive Restructuring Directive" means Directive (EU) 2019/1023 of the European Parliament and of the Council of 20 June 2019² on preventive restructuring frameworks, on discharge of debt and disqualifications, and on measures to increase the efficiency of procedures concerning restructuring, insolvency and discharge of debt, and amending Directive (EU) 2017/1132;]

“petition” means a petition referred to in section 509(1) (and, for the purposes of the Circuit Court’s jurisdiction under this Part, “petition” includes any originating process specified by rules of court for those purposes) and references to the presentation of a petition are references to its presentation under section 509(1).

F294[(1A) A word or expression that is used in Chapter 2 or 7 of Part 5, this Part or Part 11 and that is also used in the Preventive Restructuring Directive shall have the same meaning in Chapter 2 or 7 of Part 5, this Part or Part 11, as the case may be, as it has in the Preventive Restructuring Directive.]

(2) This Part is subject to the Insolvency Regulation.

(3) The provisions of Chapter 15 of Part 11 apply to proceedings under this Part with the substitution of references to “examiner” for references to “liquidator” and any other necessary modifications.