Temporal application and savings5.
(1)
Paragraph (2) applies where in any particular case Council Regulation (EC) 1346/2000 or the EU Insolvency Regulation applies in the United Kingdom by virtue of regulation 4 and the court considers that the effect is or would be different to what would be the effect had a member State treated the United Kingdom as a member State under the relevant Regulation, and either—
(a)
the court considers that one or more of the following would be materially prejudiced—
(i)
the interests of a creditor (whether alone or in common with some or all other creditors),
(ii)
the interests of the debtor,
(iii)
where the debtor is a body corporate, the interests of a member (whether alone or in common with some or all other members) of the debtor; or
(b)
the court considers it would be manifestly contrary to public policy to apply the relevant Regulation.
(2)
The Court may—
(a)
(b)
make any other order that it thinks fit.