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PART 2 N.I.SPECIAL ADMINISTRATION REGIME FOR PROTECTED ENERGY COMPANIES

Restrictions on other insolvency proceduresN.I.

Restrictions on enforcement of securityN.I.

27—(1) No step to enforce a security over property of a protected energy company is to be taken by any person, unless—

(a)notice of intention to do so has been served both on the Department and on the Authority; and

(b)a period of at least 14 days has elapsed since the service of the last of those notices to be served.

(2) In the case of a protected energy company which is a non-NI company, the reference in subsection (1) to the property of the company is a reference only to its property in Northern Ireland.

Modifications etc. (not altering text)

C1Ss. 19-33: power to apply (with modifications) conferred (26.10.2023) by Energy Act 2023 (c. 52), s. 334(2)(l), Sch. 18 para. 50