Law Amendment and Reform (Consolidation) Ordinance

For the avoidance of doubt, it is hereby declared that a person
                    (
the
                    first
            person
)
            is able to create, and always has been able to create, in favour of another person
                    (
the
                    second
            person
)
            a legal or equitable charge or mortgage over all or any of the first person’s interest
            in a chose in action enforceable by the first person against the second person, and any
            charge or mortgage so created shall operate neither to merge the interest thereby
            created with, nor to extinguish or release, that chose in action.