Modifications etc. (not altering text)
C1Sch. 14 modified (10.7.2003) by Railways and Transport Safety Act 2003 (c. 20), s. 114(5)(d)
13(1)Section 11 of the 1986 Act (effect of administration order), as applied by this Part of this Schedule in relation to a foreign company, shall have effect as follows.U.K.
(2)In subsection (1), paragraph (b) shall be omitted.
(3)Subsection (2) shall be omitted.
(4)In subsection (3)—
(a)paragraphs (a) and (b) shall be omitted; and
(b)in paragraph (d)—
(i)the reference to the commencement or continuation of proceedings shall be taken as a reference to the commencement or continuation of proceedings in Great Britain; and
(ii)the reference to the levying of distress against the company shall be taken as a reference to the levying of distress against the foreign company to the extent of its property in England and Wales;
and any reference to property or goods shall be taken as a reference to property or (as the case may be) goods for the time being situated within Great Britain.
(5)Subsections (4) and (5) shall be omitted.
(6)At the end of that section there shall be added—
“(6)Where a PPP administration order is in force in relation to a company which is a foreign company within the meaning of section 224 of the Greater London Authority Act 1999—
(a)any person appointed to perform functions equivalent to those of an administrative receiver, and
(b)if the special PPP administrator so requires, any person appointed to perform functions equivalent to those of a receiver,
shall refrain from performing those functions in Great Britain in relation to the foreign company and any of the company’s property for the time being situated in Great Britain, during the period for which that order is in force or, in the case of such a person as is mentioned in paragraph (b) above, during so much of that period as falls after the date on which he is required to do so.”
Commencement Information
I1Sch. 14 para. 13 in force at 15.7.2003 by S.I. 2003/1920, art. 2(b)