Article 150C Supervision of article 150A receiver and variationsF1

(1)

Any of the following persons may at any time apply to the High Court for directions as to the exercise of the functions of a receiver appointed under article 150A–

(a)

the receiver,

(b)

any party to the proceedings for the appointment of the receiver or the property freezing order concerned,

(c)

any person affected by any action taken by the receiver,

(d)

any person who may be affected by any action proposed to be taken by the receiver.

(2)

Before giving any directions under paragraph (1), the court must give an opportunity to be heard to—

(a)

the receiver,

(b)

the parties to the proceedings for the appointment of the receiver and for the property freezing order concerned,

(c)

any person who may be interested in the application under paragraph (1).

(3)

The court may at any time vary or set aside the appointment of a receiver under article 150A, any order under article 150B or any directions under this article.

(4)

Before exercising any power under paragraph (3), the court must give an opportunity to be heard to—

(a)

the receiver,

(b)

the parties to the proceedings for the appointment of the receiver, for the order under article 150B or, as the case may be, for the directions under this article,

(c)

the parties to the proceedings for the property freezing order concerned,

(d)

any person who may be affected by the court’s decision.

Annotations

Textual amendments

F1: Arts. 150A-150C inserted (6.4.2008) by The Proceeds of Crime Act 2002 (External Requests and Orders) (Amendment) Order 2008 (S.I. 2008/302), arts. 1(2), 3(1)