Section 115(5)

A transfer falls within this subsection if it is a transfer as a going concern— of so much of that undertaking as it is appropriate to transfer for the purpose of achieving the objective of the FMI administration. to another company, or as respects different parts of the undertaking of the company subject to the FMI administration order, to two or more different companies,

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