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5. In section 7–
(a)for subsection (1)(a) there shall be substituted:
“(a)proceedings have been instituted against the defendant in the United States of America,”;
(b)for subsection (1)(c) there shall be substituted:
“(c)either a confiscation order has been made in the proceedings or it appears to the High Court that there are reasonable grounds for thinking that a confiscation order may be made in them”;
(c)for subsection (2) there shall be substituted the following subsection:
“(2) Those powers are also exercisable where the High Court is satisfied that proceedings are to be instituted against a person in the United States of America and it appears to the court that a confiscation order may be made in them.”;
(d)subsection (3) shall be omitted; and
(e)for subsection (4) there shall be substituted the following subsection:
“(4) Where the High Court has made an order under section 8(1) of 9(1) of this Act by virtue of subsection (2) above, it shall discharge the order if the proposed proceedings are not instituted within twenty-eight days.”.
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