Hong Kong Ordinances

TRANSFER OF BUSINESSES (PROTECTION OF CREDITORS) ORDINANCE - SECT 10

Saving

(Past version on 28/02/2003).
(Past version on 30/06/1997).

For the saving and transitional provisions relating to the amendments made by
the Resolution of the Legislative Council (L.N. 130 of 2007), see paragraph
(12) of that Resolution. This Ordinance shall not apply to any transferee
where the transfer is effected-

   (a)  by the Official Receiver or a trustee in bankruptcy;

   (b)  by the liquidator of a company in liquidation other than voluntary
        liquidation;

   (c)  by the Financial Secretary Incorporated; (Amended L.N. 369 of 1989)

   (d)  by the Permanent Secretary for Education Incorporated; (Amended 3 of
        2003 s. 20; L.N. 130 of 2007)

   (e)  by the Director of Social Welfare Incorporated;

   (f)  by a person selling under or pursuant to a charge which has been
        registered for not less than 1 year at the date when the transfer
        takes effect;

   (g)  pursuant to any order or direction of any court;

   (h)  by an executor or administrator; or

   (i)  by operation of law.