[F1[F21218ZCLANo claim if company in administration or liquidationU.K.
(1)A company may not make a claim under section 1218ZCE or section 1218ZCH at a time when it is in administration or liquidation.
(2)For the purposes of this section, a company is in administration if—
(a)it is in administration under Part 2 of the Insolvency Act 1986 or Part 3 of the Insolvency (Northern Ireland) Order 1989 (S.I. 1989/2405 (N.I. 19)), or
(b)a corresponding situation under the law of a country or territory outside the United Kingdom exists in relation to the company.
(3)For the purposes of this section, a company is in liquidation if—
(a)it is in liquidation within the meaning of section 247 of that Act or Article 6 of that Order, or
(b)a corresponding situation under the law of a country or territory outside the United Kingdom exists in relation to the company.]]
Textual Amendments
F1Pt. 15E inserted (for specified purposes and with effect in accordance with Sch. 6 paras. 20, 21(1)(a) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 6 para. 1 (with Sch. 6 para. 21(3))
F2S. 1218ZCLA and cross-heading inserted (with effect in accordance with Sch. 5 para. 9(2) of the amending Act) by Finance Act 2024 (c. 3), Sch. 5 para. 9(1)