Section 254 Application of insolvency law to foreign companyC1C2C3C4C5C6C7
The Secretary of State may by order provide for a provision of the Insolvency Act 1986 to apply (with or without modification) in relation to a company incorporated outside Great Britain.
An order under this section—
may make provision generally or for a specified purpose only,
may make different provision for different purposes, and
may make transitional, consequential or incidental provision.
An order under this section—
must be made by statutory instrument, and
shall be subject to annulment in pursuance of a resolution of either House of Parliament.
Annotations
Modifications
- C1
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S. 254: power to modify extended (5.10.2004) by Energy Act 2004 (c. 20), ss. 170(2)(b), 198(2); S.I. 2004/2575, art. 2(1), Sch. 1
- C2
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S. 254 modified (1.10.2011) by Postal Services Act 2011 (c. 5), ss. 84(b), 93(2)(3); S.I. 2011/2329, art. 3
- C3
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S. 254 power to modify extended (18.12.2011) by Energy Act 2011 (c. 16), ss. 100(2)(b), 121(3)
- C4
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S. 254 modified (5.7.2018) by Housing and Planning Act 2016 (c. 22), ss. 114(1)(2)(b), 216(3) (with ss. 116, 117); S.I. 2018/805, reg. 3(a)
- C5
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S. 254 modified (23.7.2018) by Smart Meters Act 2018 (c. 14), s. 8(1)(2), 14(5)
- C6
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S. 254 amendment to earlier amending provision 2004 c. 20, s. 170 (23.7.2018) by Smart Meters Act 2018 (c. 14), ss. 8(3), 14(5)
- C7
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S. 254 power extended (26.12.2023) by Energy Act 2023 (c. 52), ss. 47(1)(2), 334(3)(a)