s 27 Reverse property transfer
(1) This section applies where the Secretary of State has made property transfer regulations in respect of a steel undertaking under section 15 (“ the original regulations ”). (2) The Secretary of State may make reverse property transfer regulations in respect of property, rights or liabilities of the transferee under the original regulations (whether or not they were transferred by the original regulations). (3) If the Secretary of State makes onward property transfer regulations under section 26 (“ the relevant onward transfer regulations ”), the Secretary of State may make reverse property transfer regulations in respect of property, rights or liabilities of the transferee under the relevant onward transfer regulations (“the onward transferee”) whether or not the property, rights or liabilities were transferred by the relevant onward transfer regulations. (4) Reverse property transfer regulations are property transfer regulations which— (a) in a case within subsection (2) , provide for transfer to the transferor under the original regulations; (b) in a case within subsection (3) , provide for transfer to the transferor under the relevant onward transfer regulations. (5) The written consent of the onward transferee is required to the making of reverse property transfer regulations within subsection (3) , except where the onward transferee is a person within section 15 (1) (b) or (c) . (6) Reverse property transfer regulations may make other provision for the purposes of, or in connection with, the transfer of property, rights or liabilities that are, could be or could have been transferred by virtue of subsection (2) or (3) (whether the transfer has been or is to be effected by those regulations or otherwise). (7) Reverse property transfer regulations are to be treated in the same way as any other property transfer regulations for all other purposes, including for the purposes of the application of a power under this Part.