SCHEDULE B1 ADMINISTRATION
60 [F1334 (1)F1334] The administrator of a company has the powers specified in Schedule 1 to this Act.
[F1335 (2) But the power to sell, hire out or otherwise dispose of property is subject to any regulations that may be made under paragraph 60A.F1335]
1 (1) For the purposes of this Act “administrator” of a company means a person appointed under this Schedule to manage the company’s affairs, business and property.
Defined in Sch.B1 para.1(1) · see it in the full Act“administrator” has the meaning given by paragraph 1 and, where the context requires, includes a reference to a former administrator,
Defined in Sch.B1 para.111(1) · see it in the full Act2 Section 233B does not apply in relation to a contract for the supply of goods or services to a company (“the company”) where any of paragraphs 3 to 11 applies.
Defined in Sch.4ZZA para.2 · see it in the full Act(1A) In this Schedule, “company” means—
(a)a company registered under the Companies Act 2006 in England and Wales or Scotland,
(b)a company incorporated in an EEA State ..., or
(c)a company not incorporated in an EEA State but having its centre of main interests in a member State (other than Denmark) or in the United Kingdom .
Defined in Sch.B1 para.111(1A) · see it in the full ActThe court confirmed that paragraph 60 of Schedule B1 supplied the administrators’ requisite power of sale. (see para [26])
The court confirmed that paragraph 60, together with paragraph 2 of Schedule 1, gave the administrators power to sell or otherwise dispose of company property by private contract. (see para [70])
Identifies the statutory assignment power relied upon in characterising the bidding process. The court treated that assignment process as conceptually distinct from the separate statutory power to compromise claims and therefore outside settlement negotiations for without-prejudice purposes (see paras [72], [93]-[95]).
What each judgment says about Schedule B1, paragraph 60 is in the case-law panel in the full Act.