{
  "url": "https://openlegislation.uk/insolvency-northern-ireland-order-1989/schedule-ZA1/paragraph-15",
  "json_url": "https://openlegislation.uk/insolvency-northern-ireland-order-1989/schedule-ZA1/paragraph-15.json",
  "legislation": "nisi/1989/2405",
  "legislation_title": "The Insolvency (Northern Ireland) Order 1989",
  "legislation_url": "https://openlegislation.uk/insolvency-northern-ireland-order-1989",
  "path": "schedule/ZA1/paragraph/15",
  "kind": "paragraph",
  "number": "15",
  "heading": null,
  "text": "(1) A company is excluded from being eligible if, on the filing date, it is a project company of a project which—\n(a) is a public-private partnership project (see paragraph 16), and\n(b) includes step-in rights (see paragraph 17).\n(2) For the purposes of this paragraph a company is a “project company” of a project if any of the following applies—\n(a) it holds property for the purpose of the project;\n(b) it has sole or principal responsibility under an agreement for carrying out all or part of the project;\n(c) it is one of a number of companies which together carry out the project;\n(d) it has the purpose of supplying finance to enable the project to be carried out;\n(e) it is the holding company of a company within any of paragraphs (a) to (d).\n(3) But a company is not a “project company” of a project if—\n(a) it performs a function within sub-paragraph (2)(a) to (d) or is within sub-paragraph (2)(e), but\n(b) it also performs a function which is not—\n(i) within sub-paragraph (2)(a) to (d),\n(ii) related to a function within sub-paragraph (2)(a) to (d), or\n(iii) related to the project.\n(4) For the purposes of this paragraph a company carries out all or part of a project whether or not it acts wholly or partly through agents.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. ZA1 inserted (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), s. 49(1), Sch. 5 (with ss. 2(2), 5(2), 13)"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "Sch. ZA1 para. 15 modified (14.12.2020) by The Corporate Insolvency and Governance Act 2020 (Coronavirus) (Suspension of Liability for Wrongful Trading) Regulations (Northern Ireland) 2020 (S.R. 2020/320), regs. 1, 2(5)(b)"
    },
    {
      "type": "C",
      "label": "C2",
      "text": "Sch. ZA1 para. 15 modified (29.4.2021) by The Corporate Insolvency and Governance Act 2020 (Coronavirus) (Suspension of Liability for Wrongful Trading) Regulations (Northern Ireland) 2021 (S.R. 2021/106), regs. 1, 2(5)(b)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisi/1989/2405/schedule/ZA1/paragraph/15",
    "retrieved_at": "2026-10-29T04:47:04.938020+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}