Part 10

Insolvency

Companies etc.

Application of insolvency law to foreign company
254
1
The Secretary of State may by order provide for a provision of the Insolvency Act 1986 to apply (with or without modification) in relation to a company incorporated outside Great Britain.
2
An order under this section—
a
may make provision generally or for a specified purpose only,
b
may make different provision for different purposes, and
c
may make transitional, consequential or incidental provision.
3
An order under this section—
a
must be made by statutory instrument, and
b
shall be subject to annulment in pursuance of a resolution of either House of Parliament.
S. 254: power to modify extended (5.10.2004) by Energy Act 2004 (c. 20), ss. 170(2)(b), 198(2); S.I. 2004/2575, art. 2(1), Sch. 1
S. 254 modified (1.10.2011) by Postal Services Act 2011 (c. 5), ss. 84(b), 93(2)(3); S.I. 2011/2329, art. 3
S. 254 power to modify extended (18.12.2011) by Energy Act 2011 (c. 16), ss. 100(2)(b), 121(3)
S. 254 modified (5.7.2018) by Housing and Planning Act 2016 (c. 22), ss. 114(1)(2)(b), 216(3) (with ss. 116, 117); S.I. 2018/805, reg. 3(a)
S. 254 modified (23.7.2018) by Smart Meters Act 2018 (c. 14), s. 8(1)(2), 14(5)
S. 254 amendment to earlier amending provision 2004 c. 20, s. 170 (23.7.2018) by Smart Meters Act 2018 (c. 14), ss. 8(3), 14(5)
S. 254 power extended (26.12.2023) by Energy Act 2023 (c. 52), ss. 47(1)(2), 334(3)(a)