S.I. No. 328/2001 - Irish National Petroleum Corporation Limited Act, 2001 (Commencement) Order, 2001

I, Mary O'Rourke, Minister for Public Enterprise, in exercise of the powers conferred on me by Section 13 (2) of the Irish National Petroleum Corporation Limited Act, 2001 (No. 26 of 2001), hereby order as follows:

1.   This Order may be cited as the Irish National Petroleum Corporation Limited Act, 2001 (Commencement) Order, 2001.

2.   The 16th day of July, 2001, is fixed as the day on which the Irish National Petroleum Corporation Limited Act, 2001 (No. 26 of 2001), comes into operation.

EXPLANATORY NOTE

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

This Order fixes the 16th of July 2001, as the commencement day for the coming into operation of the Irish National Petroleum Corporation Limited Act, 2001 .

The Act provides for the sale of the shares of the Minister for Public Enterprise in the Irish National Petroleum Corporation Limited and the disposal of certain assets and liabilities of that Corporation, including the sale of certain of its subsidiaries and to provide that the Minister may guarantee certain obligations of the Corporation, pursuant to the Sale and Purchase Agreement and to provide for related matters.