Regulation 21 Special administrator’s general duties

for sub-paragraph (1) there were substituted—

“(1)

Subject to sub-paragraph (2), the special administrator of a company must manage its affairs, business and property in accordance with—

(a)

proposals in the statement made under paragraph 49, and

(b)

where applicable, any revision to the proposals under paragraph 54.”; and

for paragraph (3) there were substituted—

“(3)

Directions given by the court under sub-paragraph (2) must be consistent with the purposes of the special administration order.”.