Section 83Part 2 — The Financial Reporting Authority
Variation and setting aside of order
←→ Navigate · Click subsection badges to collapse · Press ? for help
The court may at any time vary or set aside a property freezing order.
If the court makes an interim receiving order that applies to all of the property to which a property freezing order applies, it shall set aside the property freezing order.
If the court makes an interim receiving order that applies to some but not all of the property to which a property freezing order applies, it shall var y the property freezing order so as to exclude any property to which the interim receiving order applies.
If the court decides that any property to which a property freezing order applies is neither recoverable property nor associated property, it shal l vary the order so as to exclude the property.
Before exercising power under this Part to vary or set aside a property freezing order, the court shall (as well as giving the parties to the proceedings an opportunity to be heard) give such an opportuni ty to any person who may be affected by its decision.
Subsection (5) does not apply where the court is acting as required by subsection (2) or (3).