SCHEDULES

SCHEDULE 14PPP administration orders

Part II Further modifications of the 1986 Act: application in relation to foreign companies

Duties of special PPP administrator

17

In section 17 of the 1986 Act (general duties of administrator), as applied by this Part of this Schedule in relation to a foreign company,—

(a)

in subsection (1), the reference to property shall be taken as a reference to property for the time being situated within Great Britain; and

(b)

in subsection (2), the reference to the affairs, business and property of the company shall be taken as a reference to—

(i)

the affairs and business of the foreign company so far as carried on in Great Britain, and

(ii)

the property of that company so far as that property is for the time being situated within Great Britain.