In force2020 Revised Edition

Contents

Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 12 · General Provisions Applicable to Parts 4 to 11

270. Injunctions

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(1)

Where a person (A) has engaged, is engaging or is proposing to engage in any conduct that constituted, constitutes or would constitute a contravention of Parts 4 to 11, the Court may, on the application of —

(a)

the Official Receiver; or

(b)

any person whose interests have been, are or would be affected by the conduct,grant an injunction restraining A from engaging in the conduct and, if in the opinion of the Court it is desirable to do so, requiring A to do any act or thing.

(2)

Where a person (A) has refused or failed, is refusing or failing, or is proposing to refuse or fail, to do an act or thing that A is required by Parts 4 to 11 to do, the Court may, on the application of —

(a)

the Official Receiver; or

(b)

any person whose interests have been, are or would be affected by the refusal or failure to do that act or thing,grant an injunction requiring A to do that act or thing.

(3)

Where an application is made to the Court for an injunction under subsection (1), the Court may, if in the opinion of the Court it is desirable to do so, before considering the application, grant an interim injunction restraining a person from engaging in conduct of the kind referred to in subsection (1) pending the determination of the application.

(4)

The Court may rescind or vary an injunction granted under subsection (1), (2) or (3).

(5)

Where an application is made to the Court for the grant of an injunction restraining a person from engaging in conduct of a particular kind, the power of the Court to grant the injunction may be exercised —

(a)

if the Court is satisfied that the person has engaged in conduct of that kind — whether or not it appears to the Court that the person intends to engage again, or to continue to engage, in conduct of that kind; or

(b)

if it appears to the Court that, in the event that an injunction is not granted, it is likely the person will engage in conduct of that kind — whether or not the person has previously engaged in conduct of that kind and whether or not there is an imminent danger of substantial damage to any person if the firstmentioned person engages in conduct of that kind.

(6)

Where an application is made to the Court for a grant of an injunction requiring a person to do a particular act or thing, the power of the Court to grant the injunction may be exercised —

(a)

if the Court is satisfied that the person has refused or failed to do that act or thing — whether or not it appears to the Court that the person intends to refuse or fail again, or to continue to refuse or fail, to do that act or thing; or

(b)

if it appears to the Court that, in the event that an injunction is not granted, it is likely the person will refuse or fail to do that act or thing — whether or not the person has previously refused or failed to do that act or thing and whether or not there is an imminent danger of substantial damage to any person if the firstmentioned person refuses or fails to do that act or thing.

(7)

Where the Official Receiver makes an application to the Court for the grant of an injunction under this section, the Court must not require the Official Receiver or any other person, as a condition of granting an interim injunction, to give any undertakings as to damages.

(8)

Where the Court has power under this section to grant an injunction restraining a person from engaging in a particular conduct, or requiring a person to do a particular act or thing, the Court may, either in addition to or in substitution for the grant of the injunction, order that person to pay damages to any other person.