PART 4The Insolvency Act 1986 – specific modifications
CHAPTER 1Schedule B1 – specific modifications
Appointment of joint and concurrent special administrators37.
Paragraph 103 has effect as if it were substituted with—
“103.
(1)
Where a company is in special administration, a person may be appointed to act as a special administrator jointly or concurrently with the person or persons acting as the special administrator of the company.
(2)
Subject to sub-paragraph (3), an appointment under sub-paragraph (1) must be made by the court on the application of—
(a)
the relevant authority; or
(b)
the Water Services Regulation Authority.
(3)
An appointment made under sub-paragraph (1) may be made only with the consent of the person or persons acting as the special administrator of the company.”.