PART 4Protected Cell Companies

CHAPTER 17Dissolution

Restoration: who may apply182

1

An application under regulation 181(1) may be made by—

a

any person who would have been entitled to receive notice of the cell's dissolution under regulation 178(2);

b

the protected cell company;

c

a director of the protected cell company;

d

a former administrator or liquidator of the cell; or

e

any other person appearing to have an interest in the matter.

2

An application under regulation 181(2) may be made by—

a

a person who is entitled to make an application under regulation 181(1) for the restoration of a cell which formed part of the protected cell company;

b

a former director of the protected cell company;

c

a person who would, but for the dissolution of the protected cell company, have been—

i

a creditor of the protected cell company; or

ii

in a contractual relationship with the protected cell company;

d

a person with a potential legal claim against the protected cell company;

e

a person having an interest in land or other property—

i

in which the protected cell company had a superior or derivative interest;

ii

that was subject to rights vested in the protected cell company; or

iii

that received the benefit of obligations owed by the protected cell company;

f

a person who held shares issued on behalf of the core of the protected cell company immediately prior to the dissolution of the protected cell company;

g

a former administrator or liquidator of the core of the protected cell company;

h

the FCA;

i

the PRA; or

j

any other person appearing to have an interest in the matter.