The Criminal Justice (International Co-operation) Act 1990 (Enforcement of Overseas Forfeiture Orders) Order 2005

Management receivers: discharge

29.—(1) This article applies if—

(a) a receiver stands appointed under article 12 in respect of property which is identified in the restraint order (the management receiver), and

(b) the court appoints a receiver under article 22.

(2) The court must order the management receiver to transfer to the other receiver all property held by the management receiver by virtue of the powers conferred on him by article 13.

(3) Paragraph (2) does not apply to property which the management receiver holds by virtue of the exercise by him of his power under article 13(2)(d).

(4) If the management receiver complies with an order under paragraph (2) he is discharged—

(a) from his appointment under article 12;

(b) from any obligation under this Order arising from his appointment.

(5) If this article applies the court may make such a consequential or incidental order as it believes is appropriate.