The Merger Situation (Stora/Swedish Match/Gillette) (Interim Provision) Order 1991

• Citation: S.I. 1991/750
• Sections: 3

Section 1

This Order may be cited as the Merger Situation (Stora/Swedish Match/Gillette) (Interim Provision) Order 1991 and shall come into force at 1.00 pm on 20th March 1991.

Section 2

Gillette UK Limited shall not, in the United Kingdom or elsewhere–

(a) assign, transfer, surrender, or compound to or for the benefit of any other person any right or interest which it has or is entitled to in, under or in respect of–

(i) any share, stock or other interest in or in respect of Swedish Match NV (a company incorporated in The Netherlands) or the capital of that company, or

(ii) any agreement relating to any such share, stock or other interest, or

(b) agree to do any of the things mentioned in paragraph (a) above.

Section 3

Lustrasilk International UK Limited shall not, in the United Kingdom or elsewhere–

(a) assign, transfer, surrender or compound to or for the benefit of any other person–

(i) the whole or any part of any debt owed by the said Swedish Match NV, or

(ii) the benefit of the whole or any part of any such debt, or

(iii) any right or interest which it has or is entitled to in, under or in respect of any such debt or the benefit of any such debt, or

(b) forgive or accept any repayment of or in respect of the whole or any part of any such debt, or

(c) agree to do any of the things mentioned in paragraph (a) and (b) above.