Regulation 139

Neither the liquidator nor any member of the committee of inspection of an LLP shall, while acting as liquidator or member of the committee, except by permission of the Court, either directly or indirectly, by himself or any employer, partner, agent or employee, become purchaser of any part of the LLP’s assets and any such purchase made contrary to this rule may be set aside by the Court on the application of the Official Receiver or any creditor or partner and the Court may make such order as to costs as the Court shall think fit.