Cap. 6activeordinance

Bankruptcy Ordinance

破產條例

Full legislation

s.(5B)

(5B)

Where any assets have been recovered under an indemnity for costs of litigation
                given by certain creditors, or have been protected or preserved by the payment of
                moneys or the giving of indemnity by creditors, or where expenses in relation to
                which a creditor has indemnified a trustee have been recovered, the court may, on
                the application of the Official Receiver or the trustee or any such creditor, make
                such order as it deems just with respect to the distribution of those assets and the
                amount of those expenses so recovered with a view to giving those creditors an
                advantage over others in consideration of the risk run by them in so doing.
(Added
47 of 1984 s. 5
)