New Clause 331

Company Law Reform Bill [Lords] – in a Public Bill Committee at 1:45 pm on 20th July 2006.

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Charges on property outside the United Kingdom

‘Where a charge is created in the United Kingdom but comprises property outside the United Kingdom, the copy of the instrument creating or purporting to create the charge may be sent for registration under section (Charges created by a company (No. 2)) even if further proceedings may be necessary to make the charge valid or effectual according to the law of the country in which the property is situated.’.—[Margaret Hodge.]

Brought up, and added to the Bill.