All sections · Part XIII: Protected Cell Companies · Sub-Part VII: Administration Orders
246 与受保护的细胞公司或细胞有关的行政命令
(1) 在不违反本条其他规定的情况下，如果法院对受保护的细胞企业感到满意--。
归属于该实体某一特定单元的单元资产(如果该实体已签订代位权协议，则根据该协议负有责任的资产)不足以或不可能满足债权人对该单元的债权；或
(b) 该公司的细胞资产和非细胞资产不足以或很可能不足以支付该公司的债务，而法院认为根据本条作出的命令可实现第(4)款所述的任何目的，法院可根据本条作出一项命令（行政命令），就该公司而言。
2.可就以下一个或多个事项作出行政决定
(3) 管理令是一项命令，即在该命令生效期间，细胞的业务和财产或（视情况而定）公司的业务和财产应由法院为此目的而任命的人（管理人）管理。
是-
(4) 可以发布行政命令的目的。
(a) 该单元或实体作为一个持续经营的企业继续存在。
(b) 本集团或本集团的业务和资产或（视情况而定）本公司的业务和资产的变现比本集团破产或（视情况而定）本公司清算所实现的更有利。
(5) 监管命令，无论是对受保护单元公司或其单元--。
(a) 在下列情况下不得进行 --
(i) 清算人已被任命，就本公司行事；或
该实体已找到自愿清算的解决方案。
(b) 应在任命清算人就本公司行事时停止存在，但不影响任何先前的行为。
(6) 未经法院许可，受保护单元公司或受行政命令约束的单元的自愿解散决议不得生效。
归属于该实体某一特定单元的单元资产(如果该实体已签订代位权协议，则根据该协议负有责任的资产)不足以或不可能满足债权人对该单元的债权；或
(b) 该公司的细胞资产和非细胞资产不足以或很可能不足以支付该公司的债务，而法院认为根据本条作出的命令可实现第(4)款所述的任何目的，法院可根据本条作出一项命令（行政命令），就该公司而言。
2.可就以下一个或多个事项作出行政决定
(3) 管理令是一项命令，即在该命令生效期间，细胞的业务和财产或（视情况而定）公司的业务和财产应由法院为此目的而任命的人（管理人）管理。
是-
(4) 可以发布行政命令的目的。
(a) 该单元或实体作为一个持续经营的企业继续存在。
(b) 本集团或本集团的业务和资产或（视情况而定）本公司的业务和资产的变现比本集团破产或（视情况而定）本公司清算所实现的更有利。
(5) 监管命令，无论是对受保护单元公司或其单元--。
(a) 在下列情况下不得进行 --
(i) 清算人已被任命，就本公司行事；或
该实体已找到自愿清算的解决方案。
(b) 应在任命清算人就本公司行事时停止存在，但不影响任何先前的行为。
(6) 未经法院许可，受保护单元公司或受行政命令约束的单元的自愿解散决议不得生效。
Translation for information only. Only the English original is legally binding.
Original wording (English, legally binding): Administration order in relation to protected cell companies or cells
(1) Subject to the other provisions of this section, where, in relation to a
protected cell company, the Court is satisfied —
(a) that the cellular assets attributed to a particular cell of the
company (and, where the company has entered into a recourse
agreement, the assets liable under that agreement) are or are
likely to be insufficient to discharge the claims of creditors in
respect of that cell; or
(b) that the company‘s cellular assets and non-cellular assets are or
are likely to be insufficient to discharge the liabilities of the
company,
and the Court considers that the making of an order under this section
may achieve one of the purposes set out in subsection (4), the Court may
make an order under this section (an „administration order“) in respect
of that company.
(2) An administration order may be made in respect of one or more cells.
(3) An administration order is an order directing that, during the period for
which the order is in force, the business and assets of or attributable to
the cell or, as the case may be, the business and assets of the company,
shall be managed by a person (the „administrator“) appointed by the
Court for that purpose.
(4) The purposes for which an administration order may be made are —
(a) the survival as a going concern of the cell or of the company,
as the case may be;
(b) the more advantageous realisation of the business and assets of
or attributable to the cell or (as the case may be) the business and
assets of the company than would be achieved by a receivership
of the cell or (as the case may be) by the liquidation of the
company.
(5) An administration order, whether in respect of a protected cell company
or a cell thereof —
(a) may not be made if —
(i) a liquidator has been appointed to act in respect of the
company; or
(ii) the company has passed a resolution for voluntary
winding up;
(b) shall cease to be of effect upon the appointment of a liquidator to
act in respect of the company, but without prejudice to prior acts.
(6) No resolution for the voluntary winding up of a protected cell company
which, or any cell of which, is subject to an administration order shall be
effective without the leave of the Court.
protected cell company, the Court is satisfied —
(a) that the cellular assets attributed to a particular cell of the
company (and, where the company has entered into a recourse
agreement, the assets liable under that agreement) are or are
likely to be insufficient to discharge the claims of creditors in
respect of that cell; or
(b) that the company‘s cellular assets and non-cellular assets are or
are likely to be insufficient to discharge the liabilities of the
company,
and the Court considers that the making of an order under this section
may achieve one of the purposes set out in subsection (4), the Court may
make an order under this section (an „administration order“) in respect
of that company.
(2) An administration order may be made in respect of one or more cells.
(3) An administration order is an order directing that, during the period for
which the order is in force, the business and assets of or attributable to
the cell or, as the case may be, the business and assets of the company,
shall be managed by a person (the „administrator“) appointed by the
Court for that purpose.
(4) The purposes for which an administration order may be made are —
(a) the survival as a going concern of the cell or of the company,
as the case may be;
(b) the more advantageous realisation of the business and assets of
or attributable to the cell or (as the case may be) the business and
assets of the company than would be achieved by a receivership
of the cell or (as the case may be) by the liquidation of the
company.
(5) An administration order, whether in respect of a protected cell company
or a cell thereof —
(a) may not be made if —
(i) a liquidator has been appointed to act in respect of the
company; or
(ii) the company has passed a resolution for voluntary
winding up;
(b) shall cease to be of effect upon the appointment of a liquidator to
act in respect of the company, but without prejudice to prior acts.
(6) No resolution for the voluntary winding up of a protected cell company
which, or any cell of which, is subject to an administration order shall be
effective without the leave of the Court.
