Paragraph 2
Subject to paragraph 1 of this article, the court in either part of Great Britain shall have jurisdiction in relation to the functions referred to in that paragraph if—
(a)
the debtor has—
(i)
a place of business; or
(ii)
in the case of an individual, a place of residence; or
(iii)
assets,
situated in that part of Great Britain; or
(b)
the court in that part of Great Britain considers for any other reason that it is the appropriate forum to consider the question or provide the assistance requested.