s 1182 Persons subject to foreign restrictions
(1) This section defines what is meant by references in this Part to a person being subject to foreign restrictions. (2) A person is subject to foreign restrictions if under the law of a country or territory outside the United Kingdom— (a) he is, by reason of misconduct or unfitness, disqualified to any extent from acting in connection with the affairs of a company, (b) he is, by reason of misconduct or unfitness, required— (i) to obtain permission from a court or other authority, or (ii) to meet any other condition, before acting in connection with the affairs of a company, or (c) he has, by reason of misconduct or unfitness, given undertakings to a court or other authority of a country or territory outside the United Kingdom— (i) not to act in connection with the affairs of a company, or (ii) restricting the extent to which, or the way in which, he may do so. (3) The references in subsection (2) to acting in connection with the affairs of a company are to doing any of the following— (a) being a director of a company, (b) acting as receiver of a company's property, or (c) being concerned or taking part in the promotion, formation or management of a company. (4) In this section— (a) “ company ” means a company incorporated or formed under the law of the country or territory in question, and (b) in relation to such a company— “ director ” means the holder of an office corresponding to that of director of a UK company; and “ receiver ” includes any corresponding officer under the law of that country or territory.