3. Application of these Regulations to cells

(1) Subject to sub-paragraph (2), these Regulations shall apply to a cell of a Protected Cell Company which is the subject of a Cell Liquidation Order as if, where the context admits —
(a) the cell was a separate Company;
(b) the cell members were members of that separate Company;
(c) the cellular assets attributable to the cell were the assets of that separate Company;
(d) references to liquidation or winding-up include a reference to a Cell Liquidation Order; and
(e) references to Insolvency Proceedings include a reference to a Cell Liquidation Order.
(2) Parts 1 (Administration), 2 (Receivership) and 6 (Cross-Border Insolvency) and Chapters 1 (General), 2 (Voluntary winding-up), 3 (Members' voluntary winding-up), 4 (Creditors' voluntary winding-up), 5 (Provisions applying to both kinds of voluntary winding-up) and 6 (Compulsory winding-up) of Part 3 (Winding-Up) of these Regulations shall not apply to a cell of a Protected Cell Company.
(3) In the event of any conflict between the provisions of this Schedule and other provisions of these Regulations, the provisions of this Schedule shall prevail.