# Postal Services Act 2011, Paragraph 21


(1) This paragraph applies if the old company is a foreign company.
(2) The property, rights and liabilities which may be transferred by a postal transfer scheme, or in or in relation to which interests, rights or liabilities may be created by a postal transfer scheme, are confined to—
(a) property of the old company in the United Kingdom,
(b) rights and liabilities arising in relation to its property in the United Kingdom, and
(c) rights and liabilities arising in connection with its affairs and business so far as carried on in the United Kingdom.

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Source: https://www.legislation.gov.uk/ukpga/2011/5/schedule/11/paragraph/21 (the official version)
Page: https://openlegislation.uk/postal-services-act-2011/schedule-11/paragraph-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.