Paragraph 5 Liabilities, etc.: liabilities to group undertakings, etc.

In paragraphs 1 and 2 “group undertaking” has the meaning given by section 1161(5) of the Companies Act 2006^f1.

For the purposes of determining whether a liability falls within paragraph 2, it does not matter if there has been any change to the liability between the transfer date and the previous time mentioned in paragraph 2 (whether those changes are changes in amount, changes to the contract governing the liability, changes to the parties or otherwise).