(1) The Court and its officers may act in aid of any court in the Isle of Man or the Channel Islands, and its officers respectively, at the request of such court, in any bankruptcy matter before such court, and the Court and its officers so acting shall have the like jurisdiction and authority as in the case of a bankruptcy originating under an order of the Court.

(2)

(a) The Government may by order apply subsection (1) in relation to any other jurisdiction where the Government are satisfied that reciprocal facilities to that effect will be afforded by that jurisdiction.

(b) An order under this subsection may be made subject to such conditions, exceptions and qualifications as may be specified in the order.

(c) The Government may by order amend or revoke an order under this subsection.

(d) An order under this subsection shall have the force of law in accordance with its terms.

(e) On the revocation of an order applying subsection (1) in relation to any jurisdiction, that subsection shall cease to apply in relation to that jurisdiction.

(f) Every order under this subsection shall be published in Iris Oifigiúil as soon as may be.