The Relevant Licensee Nuclear Company Administration (England and Wales) Rules 2023
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
56 Debt in foreign currency
(1) A proof for a debt incurred or payable in a currency other than sterling must state the amount of the debt in that currency. (2) The nuclear administrator must convert all such debts into sterling at a single rate for each currency determined by the nuclear administrator by reference to the exchange rates prevailing on the date on which the relevant licensee nuclear company entered relevant licensee nuclear company administration. (3) On the next occasion when the nuclear administrator communicates with the creditors the nuclear administrator must advise them of any rate so determined. (4) A creditor who considers that the rate determined by the nuclear administrator is unreasonable may apply to the court. (5) If, on hearing the application, the court finds that the rate is unreasonable it may itself determine the rate.
56 Debt in foreign currency
(1) A proof for a debt incurred or payable in a currency other than sterling must state the amount of the debt in that currency. (2) The nuclear administrator must convert all such debts into sterling at a single rate for each currency determined by the nuclear administrator by reference to the exchange rates prevailing on the date on which the relevant licensee nuclear company entered relevant licensee nuclear company administration. (3) On the next occasion when the nuclear administrator communicates with the creditors the nuclear administrator must advise them of any rate so determined. (4) A creditor who considers that the rate determined by the nuclear administrator is unreasonable may apply to the court. (5) If, on hearing the application, the court finds that the rate is unreasonable it may itself determine the rate.
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