TNAG-2342-FCO40-3406-Drug-trafficking-agreements-between-Hong-Kong-and-other-coun-1991 — Page 189

Page 32 of Annex A

(7) Where the High Court has made a restraint order, the High

Court may at any time appoint a receiver

-

(a) to take possession of any realisable property; and

(b)

in accordance with the High Court's directions, to

manage or otherwise deal with any property in respect

of which he is appointed,

subject to such exceptions and conditions as may be specified by the

High Court; and may require any person having possession of property

in respect of which a receiver is appointed under this section to

give possession of it to the receiver.

(8) For the purposes of this section, dealing with property

held by any person includes (without prejudice to the generality of

the expression)

(a)

where the property is a debt owed to that person,

making a payment to any person in reduction or full

settlement of the amount of the debt;

making or receiving a gift of the property; and

(b)

(c)

removing the property from Hong Kong.

(9)

Where the High Court has made a restraint order, an

authorized officer may, for the purpose or preventing any realisable

property being removed from Hong Kong, seize the property.

(10) Property seized under subsection (9) shall be dealt with

in accordance with the High Court's directions.

(11) Where any property specified in a restraint order is

immovable property the order shall, for the purposes of the Land

Registration Ordinance (Cap. 128)

(a) be deemed to be an instrument affecting land; and

(b) be registrable as such in the Land Office under that

Ordinance in such manner as the Land Officer thinks

fit.