TNAG-2342-FCO40-3406-Drug-trafficking-agreements-between-Hong-Kong-and-other-coun-1991 — Page 199

Page 42 of Annex

A

(2)

(a)

(b)

property for the time being subject to a restraint

order made before the relevant time; and

any proceeds of property realised by virtue of

section 10 (7) or 12 (5) or (6) for the time being in

the hands of a receiver appointed under section 10 or

12.

Where, in the case of a company, such an order has been

made or such a resolution has been passed, the powers conferred on

the High Court by sections 10 to 13 shall not be exercised in

relation to any realisable property held by the company in relation

to which the functions of the liquidator are exercisable

(3)

(a)

(b)

so as to inhibit him from exercising those functions

for the purpose of distributing any property held by

the company to the company's creditors; or

so as to prevent the payment out of any property of

expenses (including the remuneration of the

liquidator or any provisional liquidator) properly

incurred in the winding up in respect of the property.

Nothing in the Companies Ordinance (Cap. 32) shall be

taken as restricting, or enabling the restriction of, the exercise

of the powers conferred on the High Court by sections 10 to 13.

(4) Subsection (2) does not affect the enforcement of a

charging order made before the relevant time or on property which

was subject to a restraint order at the relevant time.

(5) In this section

"company" (A) means any company which may be wound up under the

Companies Ordinance (Cap. 32); and

"the relevant time" (N) means