Page K of Annex A
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the liquidation, bankruptcy or other proceedings in relation to
which the seizure or disposal purported to take place and for so
much of his remuneration as may reasonably be assigned for his
acting in connection with those proceedings.
(2) Any insolvency officer who incurs expenses
(a)
(b)
in respect of such property as is mentioned in
subsection (1)(a) and in so doing does not know and
has no reasonable grounds to believe that the
property is for the time being subject to a restraint
order; or
other than in respect of such property as is so
mentioned, being expenses which, but for the effect
of a restraint order, might have been met by taking
possession of and realising the property,
shall be entitled (whether or not he has seized or disposed of that
property so as to have a lien under that subsection) to payment of
those expenses under section 13 (1) or (3).
means
(3) In this section "insolvency officer" ()
(a) the Official Receiver; or
(b) any person acting as
(i)
(ii)
a receiver, interim receiver, special
manager or trustee appointed under the
Bankruptcy Ordinance (Cap. 6); or
a liquidator, provisional liquidator or
special manager appointed under the
Companies Ordinance (Cap. 32).
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