This Part clarifies specific definitions relevant to the process under section 509, including key terms such as "director," "examiner," and "independent expert." It also outlines the classification of interested parties, comprising creditors and members of the company. Furthermore, it acknowledges the significance of the Preventive Restructuring Directive (EU) 2019/1023, ensuring that terms from this directive align with provisions within UK law.

Notably, this Part is governed by the Insolvency Regulation, and applicable provisions from Chapter 15 of Part 11 will be modified accordingly to incorporate references to the "examiner" in place of the "liquidator." Such modifications ensure coherence in restructuring proceedings.