Paragraph 6 Appointment of administrator

Only the court may appoint an administrator of the core.

Where a person makes an application to court for the administration of the core, the person must file with the court notice of the existence of any insolvency proceedings in relation to the protected cell company or the core anywhere in the world as soon as the person becomes aware of them.

The duty imposed by sub-paragraph (2) ceases on the making of an administration order.