155 Objective of an energy administration
Energy Act 2004 (2004 c 20) | Legislation

155  Objective of an energy administration

(1)     The objective of an energy administration is to secure—

(a)     that the company's system is and continues to be maintained and developed as an efficient and economical system; and

(b)     that it becomes unnecessary, by one or both of the following means, for the energy administration order to remain in force for that purpose.

(2)     Those means are—

(a)     the rescue as a going concern of the company subject to the energy administration order; and

(b)     transfers falling within subsection (3).

(3)     A transfer falls within this subsection if it is a transfer as a going concern—

(a)     to another company, or

(b)     as respects different parts of the undertaking of the company subject to the energy administration order, to two or more different companies,

of so much of that undertaking as it is appropriate

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Violent disorder

Violent disorderThe offence of violent disorderViolent disorder can be tried in the magistrates' court or the Crown Court. These offences will normally be dealt with in the Crown Court. However, there may be cases involving minor violence or threats of violence leading to no or minor injury, with

LEXISNEXIS

The Money Laundering Reporting Officer (MLRO)

The Money Laundering Reporting Officer (MLRO)OverviewThe requirements to have robust systems and controls in a regulated firm to prevent money laundering originate from:•the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, SI 2017/692 (as

LEXISNEXIS

False imprisonment

False imprisonmentLiabilityFalse imprisonment consists of the complete deprivation of liberty without a lawful basis. Claims will in practice be made against a public body that exercises detention powers, usually a local police force, the Secretary of State for the Home Department or the Secretary

LEXISNEXIS

Interim injunctions—the American Cyanamid guidelines

Interim injunctions—the American Cyanamid guidelinesThis Practice Note is concerned with substantive interim injunctions, which are a particular species of injunction granted on a temporary basis ahead of trial. As set out below, there are different considerations depending on whether the interim