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(1)The High Court may by order (referred to in this Part of this Act as a “restraint order") prohibit any person from dealing with any realisable property, subject to such conditions and exceptions as may be specified in the order.
(2)Without prejudice to the generality of subsection (1) above, a restraint order may make such provision as the court thinks fit for living expenses and legal expenses.
(3)A restraint order may apply—
(a)to all realisable property held by a specified person, whether the property is described in the order or not; and
(b)to realisable property held by a specified person, being property transferred to him after the making of the order.
(4)This section shall not have effect in relation to any property for the time being subject to a charge under section 78 below.
(5)A restraint order—
(a)may be made only on an application by the prosecutor;
(b)may be made on an ex parte application to a judge in chambers; and
(c)shall provide for notice to be given to persons affected by the order.
(6)A restraint order—
(a)may be discharged or varied in relation to any property; and
[F1(b)shall be discharged on the conclusion of the proceedings or application in question.]
(7)An application for the discharge or variation of a restraint order may be made by any person affected by it.
(8)Where the High Court has made a restraint order, the court may at any time appoint a receiver—
(a)to take possession of any realisable property, and
(b)in accordance with the court’s directions, to manage or otherwise deal with any property in respect of which he is appointed,
subject to such exceptions and conditions as may be specified by the court; and may require any person having possession of property in respect of which a receiver is appointed under this section to give possession of it to the receiver.
(9)For the purposes of this section, dealing with property held by any person includes (without prejudice to the generality of the expression)—
(a)where a debt is owed to that person, making a payment to any person in reduction of the amount of the debt; and
(b)removing the property from Great Britain.
(10)Where the High Court has made a restraint order, a constable may for the purpose of preventing any realisable property being removed from Great Britain, seize the property.
(11)Property seized under subsection (10) above shall be dealt with in accordance with the court’s directions.
(12)The M1Land Charges Act 1972 and the M2Land Registration Act 1925 shall apply—
(a)in relation to restraint orders, as they apply in relation to orders affecting land made by the court for the purpose of enforcing judgments or recognisances; and
(b)in relation to applications for restraint orders, as they apply in relation to other pending land actions.
(13)The prosecutor shall be treated for the purposes of section 57 of the Land Registration Act 1925 (inhibitions) as a person interested in relation to any registered land to which a restraint order or an application for such an order relates.
Extent Information
E1S. 77(1)-(13) extends to England and Wales and s. 77(10)(11) extend also to Scotland: see s. 172
Textual Amendments
F1S. 77(6)(b) substituted (1.11.1995) by 1995 c. 11, s. 8(4); S.I. 1995/2650, art.2
Marginal Citations
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