Article 29 Powers of enforcement receivers in respect of external orders for the recovery of specified propertyI1

power to take possession of the property;

power to manage or otherwise deal with the property;

power to realise the property, in such manner as the court may specify;

power to start, carry on or defend any legal proceedings in respect of the property;

as far as the property consists of cryptoassets, power to destroy the property.

search for or inspect anything authorised by the court;

make or obtain a copy, photograph or other record of anything so authorised;

remove anything which the receiver is required or authorised to take possession of in pursuance of an order of the court.

hold property;

enter into contracts;

sue and be sued;

employ agents;

execute powers of attorney, deeds or other instruments;

take any other steps the court thinks appropriate.

may order a person holding an interest in the specified property to make to the receiver such payment as the court specifies in respect of a beneficial interest held by the defendant or the recipient of a tainted gift;

may (on the payment being made) by order transfer, grant or extinguish any interest in the property.

confer the power mentioned in paragraph (2)(b) F3, (c) or (e) in respect of property, or

exercise the power conferred on it by paragraph (6) in respect of property,

is perishable; or

ought to be disposed of before its value diminishes.

it is not reasonably practicable to realise the cryptoassets in question, or

there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.

must set out the court’s assessment of the market value of the cryptoassets to which it relates;

may confer power to destroy the cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the external order.

selling the property or any part of it or interest in it;

carrying on or arranging for another person to carry on any trade or business the assets of which are or are part of the property;

incurring capital expenditure in respect of the property.