26Restraint orders
(1)The High Court may by order (in this Act referred to 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)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.
(3)This section shall not have effect in relation to any property for the time being subject to a charge under section 27 of this Act or section 9 of the Drug[1986 c. 32.] Trafficking Offences Act 1986.
(4)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.
(5)A restraint order—
(a)may be discharged or varied in relation to any property; and
(b)shall be discharged on the conclusion of the proceedings or of the application in question.
(6)An application for the discharge or variation of a restraint order may be made by any person affected by it.
(7)Where the High Court has made a restraint order, the High Court or a county court—
(a)may at any time appoint a receiver—
(i)to take possession of any realisable property, and
(ii)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
(b)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.
(8)For the purposes of this section, dealing with property held by any person includes (without prejudice to the generality of that 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.
(9)Where a restraint order has been made a constable may seize any realisable property for the purpose of preventing its removal from Great Britain.
(10)In subsection (9) above, the reference to a restraint order includes a reference to a restraint order within the meaning of Part I of the Criminal[1987 c. 41.] Justice (Scotland) Act 1987, and in relation to such an order “realisable property” has the same meaning as in that Part.
(11)Property seized under subsection (9) above shall be dealt with in accordance with the directions of the court which made the order.
(12)The Land[1972 c. 61.] Charges Act 1972 and the Land[1925 c. 21.] 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.