51 Power to appoint receiver
51 Power to appoint receiver

(1)     It is competent under the law of Scotland for the holder of a floating charge over all or any part of the property (including uncalled capital), which may from time to time be comprised in the property and undertaking of an incorporated company (whether [a company registered under the Companies Act 2006] or not)[—

(a)     which the Court of Session has jurisdiction to wind up; or

(b)     where paragraph (a) does not apply, in respect of which a court of a member state other than the United Kingdom has under the EU Regulation jurisdiction to open insolvency proceedings,

to appoint a receiver of such part of the property of the company as is subject to the charge].