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PART 4 U.K.Protected Cell Companies

CHAPTER 15U.K.Insolvency

Concurrent insolvencyU.K.

168.  Where two or more parts of a protected cell company are in administration or liquidation concurrently by virtue of regulation 166 or 167, then—

(a)the insolvency legislation (as applied by regulations 166(2) or 167(2)) applies in relation to each part separately; and

(b)the administrators or liquidators (as the case may be) of those parts must cooperate fully with each other in the discharge of their functions.