Paragraph 25 InsolvencyF1

(1)

To enable anything to be done in connection with—

(a)

any insolvency and restructuring proceedings relating to an insolvent person,

(b)

any other relevant proceedings relating to a person other than an individual, or

(c)

proceedings under the insolvency law of a country other than the United Kingdom that correspond to the proceedings in paragraph (a) or (b),

provided that any payments made directly or indirectly to a designated person are credited to a frozen account.

(2)

Expressions used in this paragraph have the same meaning as they have in paragraph 10C of this Schedule.

Annotations

F1: Sch. 3 para. 25 inserted (5.12.2024) by The Sanctions (EU Exit) (Miscellaneous Amendments) (No. 2) Regulations 2024 (S.I. 2024/1157), regs. 1(2), 11(12)(e)

F1: Sch. 3 paras. 18-24 and Pt. 4 heading inserted (5.7.2022) by The Republic of Belarus (Sanctions) (EU Exit) (Amendment) Regulations 2022 (S.I. 2022/748), regs. 1(2), 44(e)