Search Legislation

The South Sudan (Sanctions) (EU Exit) Regulations 2019

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Paragraph 13

 Help about opening options

Alternative versions:

Changes to legislation:

There are outstanding changes not yet made by the legislation.gov.uk editorial team to The South Sudan (Sanctions) (EU Exit) Regulations 2019. Any changes that have already been made by the team appear in the content and are referenced with annotations. Help about Changes to Legislation

Rights exercisable only in certain circumstances etcU.K.

This section has no associated Explanatory Memorandum

13.—(1) Rights that are exercisable only in certain circumstances are to be taken into account only—

(a)when the circumstances have arisen, and for so long as they continue to obtain, or

(b)when the circumstances are within the control of the person having the rights.

(2) But rights that are exercisable by an administrator or by creditors while a person is subject to relevant insolvency proceedings are not to be taken into account while the person is subject to those proceedings.

(3) “Relevant insolvency proceedings” means—

(a)administration within the meaning of the Insolvency Act 1986 M1

(b)administration within the meaning of the Insolvency (Northern Ireland) Order 1989 M2, or

(c)proceedings under the insolvency law of another country during which a person's assets and affairs are subject to the control or supervision of a third party or creditor.

(4) Rights that are normally exercisable but are temporarily incapable of exercise are to continue to be taken into account.

Commencement Information

I1Sch. 1 para. 13 not in force at made date, see reg. 1(2)

I2Sch. 1 para. 13 in force at 25.3.2019 by S.I. 2019/627, reg. 6(1)(j)

Marginal Citations

Back to top

Options/Help