TNAG-2342-FCO40-3406-Drug-trafficking-agreements-between-Hong-Kong-and-other-coun-1991 — Page 200

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43 of Annex

(a) where no order for the winding up of the company has

been made, the time of the passing of the resolution

for voluntary winding up;

(b) where such an order has been made and, before the

presentation of the petition for the winding up of

the company by the High Court, such a resolution had

been passed by the company, the time of the passing

of the resolution; and

(c)

in any other case where such an order has been made,

the time of the making of the order.

18.

Insolvency officers dealing with property subject to restraint order

(1) Without prejudice to the generality of any provision

contained in the Bankruptcy Ordinance (Cap. 6), the Companies

Ordinance (Cap. 32) or any other Ordinance, where

(a) any insolvency officer seizes or disposes of any

property in relation to which his functions are not

exercisable because it is for the time being subject

to a restraint order; and

(b)

at the time of the seizure or disposal he believes,

and has reasonable grounds for believing, that he is

entitled (whether in pursuance of an order of a court

or otherwise) to seize or dispose of that property,

he shall not be liable to any person in respect of any loss or

damage resulting from the seizure or disposal except in so far as

the loss or damage is caused by his negligence; and the insolvency

officer shall have a lien on the property, or the proceeds of its

sale, for such of his expenses as were incurred in connection with