C3C2C4C6C5C7C8C9Part 2Confiscation: England and Wales

Annotations:
Modifications etc. (not altering text)
C7

Pt. 2: power to modify conferred (20.3.2015) by Crime and Courts Act 2013 (c. 22), ss. 47, 61(2); S.I. 2015/813, art. 2(b)

C9

Pt. 2 applied (12.2.2019 for specified purposes, 13.8.2020 in so far as not already in force) by Counter-Terrorism and Border Security Act 2019 (c. 3), s. 27(1)(g), Sch. 3 para. 33(5) (with s. 25(9)); S.I. 2020/792, reg. 2(g)

F2Management receivers

Annotations:
Amendments (Textual)
F2

Ss. 47A-47S and cross-heading inserted (22.11.2014 for the insertion of ss. 47A, 47G, 47S(1)-(5) for specified purposes, 1.6.2015 in so far as not already in force) by Policing and Crime Act 2009 (c. 26), ss. 55(2), 116(1); S.I. 2014/3101, art. 3; S.I. 2015/983, art. 2(2)(a)

I1C3C249C3C2 Powers

1

If the court appoints a receiver under section 48 it may act under this section on the application of the person who applied for the restraint order.

2

The court may by order confer on the receiver the following powers in relation to any realisable property to which the restraint order applies—

a

power to take possession of the property;

b

power to manage or otherwise deal with the property;

c

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

d

power to realise so much of the property as is necessary to meet the receiver’s remuneration and expenses.

3

The court may by order confer on the receiver power to enter any premises in England and Wales and to do any of the following—

a

search for or inspect anything authorised by the court;

b

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

c

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

4

The court may by order authorise the receiver to do any of the following for the purpose of the exercise of his functions—

a

hold property;

b

enter into contracts;

c

sue and be sued;

d

employ agents;

e

execute powers of attorney, deeds or other instruments;

f

take any other steps the court thinks appropriate.

5

The court may order any person who has possession of realisable property to which the restraint order applies to give possession of it to the receiver.

C16

The court—

a

may order a person holding an interest in realisable property to which the restraint order applies 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;

b

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

7

Subsections (2), (5) and (6) do not apply to property for the time being subject to a charge under any of these provisions—

a

section 9 of the Drug Trafficking Offences Act 1986 (c. 32);

b

section 78 of the Criminal Justice Act 1988 (c. 33);

c

Article 14 of the Criminal Justice (Confiscation) (Northern Ireland) Order 1990 (S.I. 1990/2588 (N.I. 17));

d

section 27 of the Drug Trafficking Act 1994 (c. 37);

e

Article 32 of the Proceeds of Crime (Northern Ireland) Order 1996 (S.I. 1996/1299 (N.I. 9)).

8

The court must not—

a

confer the power mentioned in subsection (2)(b) or (d) in respect of property, or

b

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

unless it gives persons holding interests in the property a reasonable opportunity to make representations to it.

F18A

Subsection (8), so far as relating to the power mentioned in subsection (2)(b), does not apply to property which—

a

is perishable; or

b

ought to be disposed of before its value diminishes.

9

The court may order that a power conferred by an order under this section is subject to such conditions and exceptions as it specifies.

10

Managing or otherwise dealing with property includes—

a

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

b

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;

c

incurring capital expenditure in respect of the property.