20 Restructuring
Subsidy Control Act 2022 (2022 c 23) | Legislation

20 Ìý¸é±ð²õ³Ù°ù³Ü³¦³Ù³Ü°ù¾±²Ô²µ

(1)     A subsidy for restructuring an ailing or insolvent enterprise is prohibited by this section unless the conditions in subsections (2) to (6) are met.

(2)     The condition in this subsection is that the enterprise has prepared a restructuring plan.

(3)     The condition in this subsection is that the public authority giving the subsidy is satisfied that the restructuring plan—

(a)     is credible,

(b)     is based on realistic assumptions, and

(c)     is prepared with a

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