Regulation 63

The duties imposed on the Court by paragraph 27(1) of the Fifth Schedule to the Act in a winding up by the Court with regard to the collection of the assets of the LLP and the application of the assets in discharge of the LLP's liabilities, shall be discharged by the liquidator subject to the control of the Court.

For the purpose of the discharge by the liquidator of the duties imposed by paragraph 27(1) of the Fifth Schedule to the Act and paragraph (1), the liquidator in a winding up by the Court shall for the purpose of acquiring or retaining possession of the property of the LLP, be in the same position as if he were a receiver of the property appointed by the Court, and the Court may, on his application, enforce such acquisition or retention accordingly.