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Section 72C: Second exception: public-private partnership

Insolvency Act 1986 · 1986 c. 45View on legislation.gov.uk

Part III: Receivership — CHAPTER IV: PROHIBITION OF APPOINTMENT OF ADMINISTRATIVE RECEIVER

Section 72A does not prevent the appointment of an administrative receiver of a project company of a project which—

is a public-private partnership project, and
includes step-in rights.

In this section "public-private partnership project" means a project—

the resources for which are provided partly by one or more public bodies and partly by one or more private persons, or
which is designed wholly or mainly for the purpose of assisting a public body to discharge a function.

In this section—

  • "step-in rights" has the meaning given by paragraph 6 of Schedule 2A, and

  • "project company" has the meaning given by paragraph 7 of that Schedule.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.