The Heat Networks (Market Framework) (Great Britain) Regulations 2025
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Change 1
59B Heat network administration orders
(1) The court may make a heat network administration order in relation to a protected heat network company. (2) A “heat network administration order” is an order directing that, while the order is in force, the affairs, business and property of the company are to be managed by a person appointed by the court. (3) The person appointed by the court is the “heat network administrator” of the company. (4) The heat network administrator of a protected heat network company must manage the company’s affairs, business and property, and exercise all other functions that the person has as heat network administrator, so as to achieve the objectives set out in regulation 59C so far as possible. (5) Where a non-GB company is subject to a heat network administration order— (a) the effect of the order is limited to the company’s affairs and business so far as carried on in Great Britain and to its property in Great Britain only; (b) references in this regulation to the affairs, business and property of the company must be construed accordingly.
59B Heat network administration orders
(1) The court may make a heat network administration order in relation to a protected heat network company. (2) A “heat network administration order” is an order directing that, while the order is in force, the affairs, business and property of the company are to be managed by a person appointed by the court. (3) The person appointed by the court is the “heat network administrator” of the company. (4) The heat network administrator of a protected heat network company must manage the company’s affairs, business and property, and exercise all other functions that the person has as heat network administrator, so as to achieve the objectives set out in regulation 59C so far as possible. (5) Where a non-GB company is subject to a heat network administration order— (a) the effect of the order is limited to the company’s affairs and business so far as carried on in Great Britain and to its property in Great Britain only; (b) references in this regulation to the affairs, business and property of the company must be construed accordingly.
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