Hong Kong Ordinances

BANKRUPTCY ORDINANCE - SECT 20K

Implementation and supervision of approved voluntary arrangement

(1) Where a voluntary arrangement approved by a creditors' meeting summoned
under section 20E has taken effect and the debtor, any of his creditors or any
other interested person is dissatisfied by any act, omission or decision of
the nominee, he may apply to the court; and on such an application the court
may-

   (a)  confirm, reverse or modify any act or decision of the nominee;

   (b)  give him directions; or

   (c)  make such other order as it thinks fit.

(2) The nominee may apply to the court for directions in relation to any
particular matter arising under the voluntary arrangement.

(3) The court may, whenever-

   (a)  it is expedient to appoint a person to carry out the functions of the
        nominee; and

   (b)  it is inexpedient, difficult or impracticable for an appointment to be
        made without the assistance of the court, make an order appointing a
        person who is experienced in insolvency matters, either in
        substitution for the existing nominee or to fill a vacancy. (Added 76
        of 1996 s. 13)