Hong Kong Regulations

BANKRUPTCY RULES - RULE 52A

Deposits in respect of voluntary arrangements

(Past version on 30/06/1997).

(1) Unless the applicant is also the nominee, where an application is made for
an interim order under section 20A of the Ordinance, the applicant or some
other person on his behalf shall, at the time of making the application,
deposit with the nominee the sum of $12150, and such further sum (if any) as
the applicant and nominee may agree to or as the court may from time to time
direct, to cover the fees, expenses and remuneration to be incurred by the
nominee in connection with the work done by him in respect of the voluntary
arrangement.

(2) This rule applies whether or not the voluntary arrangement is approved by
the creditors. (L.N. 77 of 1998)