Article 16 Prohibition against creating a joint venture
(1)
A person shall not create a joint venture with—
(a)
a listed enterprise;
(b)
a subsidiary enterprise of a listed enterprise; or
(c)
a person under the control of a listed enterprise.
(2)
A person who contravenes the prohibition in paragraph (1) shall be guilty of an offence.
(3)
In proceedings for an offence under this article, it is a defence for a person to show that they did not know and had no reasonable cause to suspect that the joint venture was being created with a body falling within sub-paragraph (a), (b) or (c) of paragraph (1).