(1) Where the name of an international business company has been struck-off the Register, the international business company, and the directors, members, liquidators and receivers thereof, may not legally—
(a) commence legal proceedings, carry on any business or in anyway deal with the assets of the company;
(b) defend any legal proceedings, make any claim or claim any right for, or in the name of, the international business company; or
(c) act in any way with respect to the affairs of the international business company.
(2) Despite subsection (1), where the name of the international business company has been struck-off the Register, the company, or a director, member, liquidator or receiver thereof, may—
(a) make application for restoration of the name of the international business company to the Register;
(b) continue to defend proceedings that were commenced against the international business company prior to the date of the striking-off; and
(c) continue to carry on legal proceedings that were instituted on behalf of the international business company prior to the date of the striking-off.
(3) The fact that the name of the international business company is struck-off the Register does not prevent—
(a) the international business company from incurring liabilities;
(b) any creditor from making a claim against the international business company and pursuing the claim through to judgement or execution; or
(c) the appointment by the court of an official liquidator for the international business company under section 102.