PART 4The Insolvency Act 1986 – specific modifications

CHAPTER 1Schedule B1 – specific modifications

Appointment of joint and concurrent special administrators

37.  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..