Part 10Insolvency

Companies etc.

C1C2C3C4C5C6254 Application of insolvency law to foreign company

1

The Secretary of State may by order provide for a provision of the Insolvency Act 1986 to apply (with or without modification) in relation to a company incorporated outside Great Britain.

2

An order under this section—

a

may make provision generally or for a specified purpose only,

b

may make different provision for different purposes, and

c

may make transitional, consequential or incidental provision.

3

An order under this section—

a

must be made by statutory instrument, and

b

shall be subject to annulment in pursuance of a resolution of either House of Parliament.