Section 5(4)

Before exercising a power under subsection (3) the court must give an opportunity to be heard to— the receiver; the parties to the proceedings for the appointment of the receiver, for the order under section 396Q or (as the case may be) for the directions under this section; the parties to the proceedings for the interim freezing order concerned; any person who may be affected by the court's decision.

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Source: legislation.gov.uk · retrieved 2026-09-04