Modifications etc. (not altering text)
C1Pts. II, III and IV applied (with modifications) by 1986 c. 53, Sch. 15A, Pt. III (as inserted (1.12.1997) by 1997 c. 32, s. 39(2), Sch. 6); S.I. 1997/2668, art. 2, Sch. Pt. I(i)
Valid from 27/03/2006
F1Arts. 59A - 59J and preceding cross - heading inserted (27.3.2006) by Insolvency (Northern Ireland) Order 2005 (S.I. 2005/1455 (N.I. 10)), arts. 1(3), 5(1) (with art. 4); S.R. 2006/21, art. 2 (with S.R. 2006/22, arts. 2 - 7)
59D.—(1) Article 59A does not prevent the appointment of an administrative receiver of a project company of a project which—
(a)is a utility project, and
(b)includes step-in rights.
(2) In this Article—
(a)“utility project” means a project designed wholly or mainly for the purpose of a regulated business,
(b)“regulated business” means a business of a kind listed in paragraph 10 of Schedule 1A,
(c)“step-in rights” has the meaning given by paragraph 6 of that Schedule, and
(d)“project company” has the meaning given by paragraph 7 of that Schedule.]