Hong Kong Ordinances

CLEARING AND SETTLEMENT SYSTEMS ORDINANCE - SECT 32

Order releasing relevant insolvency office-holder from obligations in relation to default proceedings

A court may, on an application by a relevant insolvency office-holder, make
such order as it considers appropriate altering or releasing him from
compliance with the functions of his office to the extent that those functions
are affected by the fact that action under default arrangements is being or
could be taken, or has been or could have been taken.