Paragraph 2 General application of the insolvency legislation
The insolvency legislation applies to a cell as if—
the cell is a body corporate with distinct legal personality;
the cell was incorporated on its creation;
the cell is registered in the part of the United Kingdom in which the protected cell company has its registered office;
the registered office of the cell is the registered office of the protected cell company;
the registered name of the cell is the name or number of the cell followed by “of” and the name of the protected cell company;
the registrar of companies is the FCA;
a person who is or was a director, shadow director, officer, employee or agent of the protected cell company is or was a director, shadow director, officer, employee or agent of the cell (as the case may be);
shares issued by the protected cell company on behalf of the cell are shares issued by the cell;
the cell’s property, assets, liabilities, debts and creditors are determined in accordance with regulation 48(6);
things done by the protected cell company on behalf of the cell are things done by the cell;
things done to the protected cell company in respect of the cell are things done to the cell;
judgments or orders made against the protected cell company in respect of the cell are judgments or orders made against the cell;
the books, papers, records, registers and other documents of the protected cell company are, insofar as they relate to the cell, books, papers, records, registers and documents of the cell; and
an associate of the protected cell company (within the meaning given by section 435 of the Insolvency Act 1986f1 or Article 4 of the Insolvency (Northern Ireland) Order 1989) is an associate of the cell.
Annotations
Footnotes
- f1
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Section 435 was amended by section 261 and Schedule 27 to the Civil Partnership Act 2004 (c. 33), S.I. 2005/3129, S.I. 2009/1941 and S.I. 2016/1034.