80(1)This paragraph applies where an administrator of a company is appointed under paragraph 14 or 22.
Definitions used in Schedule B1, paragraph 80 3
- administrator
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 Act- the company
2 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- company
(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 Act
Cases considering Schedule B1, paragraph 80 3
Baker & Anor v Biomethane (Castle Easton) Ltd (Rev 1)
Paragraph 80 is identified as the mechanism by which control could ultimately return to the company’s directors after refinancing. (see para. [3])
Lehman Brothers Europe Ltd, Re
Identified as permitting termination of an administration when its purpose has been sufficiently achieved, followed by return of management to the directors. It formed part of the ordinary statutory routes contrasted with the Proposal (see paras [37]-[38]).
Cartwright & Anor v The Registrar of Companies
Cited as an example of provisions permitting administrators to end their appointment early, supporting the construction of paragraph 83(6)(a). (see para [34])
What each judgment says about Schedule B1, paragraph 80 is in the case-law panel in the full Act.
Amendments and notes
1 notes from legislation.gov.uk
Modifications
- C1456Sch. B1 para. 80 applied (with modifications) (17.2.2009 for certain purposes, otherwise 21.2.2009) by Banking Act 2009 (c. 1), ss. 145, 263(1)(2) (with s. 247); S.I. 2009/296, arts. 2, 3, Sch. para. 3