Paragraph 10 Reimbursement of damages paid by special measures managerI1
England and Wales Not yet in force
(1)
This paragraph applies where—
(a)
a special measures manager is, by virtue of paragraph 8 or 9, subject to a liability to pay damages in respect of anything that was done (or not done) by or on behalf of an accountable person before the date of the manager’s appointment, and
(b)
the manager pays the damages.
(2)
The accountable person is liable to reimburse to the manager an amount equal to the amount of damages paid by the manager.
Annotations
Commencement
- I1
Sch. 2 para. 10 not in force at Royal Assent, see s. 138(2)