“(a)

which the Court of Session has jurisdiction to wind up; or

(b)

where paragraph (a) does not apply, in respect of which a court of a member state other than the United Kingdom has under the EU Regulation jurisdiction to open insolvency proceedings,

to appoint a receiver of such part of the property of the company as is subject to the  charge.”;

“(2ZA)

But, in relation to a company mentioned in subsection (1)(b), a receiver may be appointed under subsection (1) or (2) only in respect of property situated in Scotland.”; and

““the EU Regulation” is the Regulation of the Council of the European Union published as Council Regulation (EC) No. 1346/2000 on insolvency proceedings4;

“court” is to be construed in accordance with Article 2(d) of the EU Regulation;

“insolvency proceedings” is to be construed in accordance with Article 2(a) of the EU Regulation.”.