Part 1Licensing of carbon dioxide transport and storage
Chapter 4Special administration regime
Transport and storage administration orders
I142Transport and storage administration orders
1
A transport and storage administration order means an order which—
a
is made by the court in relation to a company which holds a licence under section 7, and
b
directs that, while the order is in force, the affairs, business and property of the company are to be managed by a person appointed by the court.
2
In this Chapter—
a
a transport and storage administration order is referred to as a T&S administration order,
b
a company which holds a licence under section 7 is referred to as a T&S company, and
c
the person appointed in relation to a T&S company for the purposes of a T&S administration order is referred to as the T&S administrator of the company.
3
The T&S administrator of a company must manage the company’s affairs, business and property, and exercise and perform all the powers and duties of a T&S administrator, so as to achieve the objective set out in section 43.
4
In relation to a T&S administration order applying to a non-GB company, references in this section to the affairs, business and property of the company are references only—
a
to its affairs and business so far as carried on in Great Britain or a relevant controlled place, and
b
to its property in Great Britain or a relevant controlled place.
5
In this section, “relevant controlled place” means a controlled place within the meaning of section 17(3) to (4) of the Energy Act 2008 other than a place—
a
in Great Britain,
b
in Northern Ireland, or
c
in, under or over so much of the internal waters and territorial sea of the United Kingdom as are adjacent to Northern Ireland.