Paragraph 19 Protection of insolvency practitioners
The Governor may make an order under this paragraph to secure that an external insolvency practitioner has the same rights under this Part of this Schedule in relation to property situated in the Territory as he would have if he were an insolvency practitioner in the Territory.
An order made this paragraph may, in particular, include—
provision which modifies the rights under this Part of this Schedule which are to be conferred under the order;
provision as to the manner in which the rights conferred under the order are to be exercised;
provision as to the conditions subject to which those rights are to be exercised, including the obtaining of leave from a court;
provision empowering a court granting such leave to impose such conditions as it thinks fit.
An order under this paragraph may make different provision for different purposes.
In this paragraph—
“external insolvency practitioner” means a person exercising under the insolvency law of a designated country or territory (that is to say, a country or territory designated as mentioned in paragraph 11) functions corresponding to those exercised by insolvency practitioners under the insolvency law of the Territory,
“the insolvency law of the Territory” means the provisions of the law for the time being in force in the Territory relating to insolvency and includes any provisions of the law for the time being in force in the Territory relating to companies which regulate the disqualification of company directors, and
“the insolvency law of a designated country or territory” means so much of the law for the time being in force in that country or territory as corresponds to provisions falling within sub-paragraph (b).