Aircraft and Shipbuilding Industries (Northern Ireland) Order 1979 No. 294 (NI. 1)

Guarantees etc. in relation to contracts of principal companies and their subsidiaries N.I.

4.  The Department may, upon such terms and conditions as it may determine, give to any person entering into a contract—

(a) with a principal company or a subsidiary of a principal company; or

(b) which in the opinion of the Department is directly or indirectly related to a contract entered or to be entered into by another person with a principal company or a subsidiary of a principal company,

any form of assurance, indemnity or guarantee to meet any contingency arising out of or in connection with the contract.