Vesting order requirement: sub lessees or chargees must elect to apply or be excluded from leasehold interest.

Order requires a sub lessee or chargee affected by a liquidator's disclaimer of an LLP lease to elect within a limited period to apply for a vesting order, which if granted will be subject to the same liabilities and obligations as those of the LLP under the lease; failure to apply results in exclusion from all interest and security in the premises.

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