Section 72E

Section 72A does not prevent the appointment of an administrative receiver of a project company of a project which— is a financed project, and includes step-in rights. In this section— a project is “financed” if under an agreement relating to the project a project company incurs, or when the agreement is entered into is expected to incur, a debt of at least £50 million for the purposes of carrying out the project, “project company” has the meaning given by paragraph 7 of Schedule 2A, and “step-in rights” has the meaning given by paragraph 6 of that Schedule.

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Source: legislation.gov.uk · retrieved 2026-09-04