SCHEDULES

SCHEDULE 5Conduct of housing administration: companies

PART 2Further modifications of Schedule B1 to Insolvency Act 1986: foreign companies

Modifications

I138

Paragraph 64 of Schedule B1 to the Insolvency Act 1986 (general powers of administrator) is to have effect as if—

a

in sub-paragraph (1), after “power” there were inserted “ in relation to the affairs or business of the company so far as carried on in the United Kingdom or to its property in the United Kingdom ”, and

b

in sub-paragraph (2)(b), after “instrument” there were inserted “ or by the law of the place where the company is incorporated ”.