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(a) grant general approval for any specified class of transactions; and
(b) impose conditions on any approval granted by him; and
(c) revoke any approval granted by him or amend any condition subject to which it was
granted:
Provided that such revocation or amendment shall not affect the validity of
anything done prior thereto.
(4) Without derogation from the generality of subsection (3), an investigator may, for the
purposes of subsection (1) or (2), grant approval for all transactions on condition that security is
given by or on behalf of the specified person in such form and amount as the investigator
considers will satisfy any claim against the specified person resulting from or arising out of any
conduct referred to in subsection (1) of section six.
(5) An investigator shall grant approval in terms of subsection (1) or (2) for any transaction
which he is satisfied forms part of the ordinary course of business of the specified person
concerned.
(6) Subsections (1) and (2) shall not apply in respect of—
(a) any transaction where the total value of any property or expenditure does not exceed
ten dollars; or
(b) anything done in pursuance of an order of any court.
(7) Any transaction carried out in contravention of subsection (1) or (2) shall be void and,
where any property has been transferred as a result of any such transaction, the investigator
may, on behalf of the specified person, recover any such property by proceedings in any court.
(8) Nothing in this section shall be construed as limiting in any way the right of any person
to bring any proceedings in any court, including proceedings under the Companies Act [Chapter
24:03] or the Insolvency Act [Chapter 6:04], for the purposes of enforcing any claim he may
have against a specified person.
(9) For the avoidance of doubt, it is declared that, save as provided in this Act, a specified
person shall be entitled to carry on his ordinary course of business.
11 Prohibition against disclosure of investigators’ reports
The Minister shall ensure that the report of an investigator is not disclosed, without the
consent of the specified person concerned, to any person except persons who are concerned in—
(a) the investigation or prosecution of any offence; or
(b) the recovery of any debt; or
(c) the institution or carrying on of any civil proceedings;
which arise out of or relate to any fact or matter dealt with in the report.
12 Appeals
Any person who is aggrieved by—
(a) the declaration of any person as a specified person; or
(b) any decision or action of an investigator;
may appeal to the Minister, who may confirm the declaration, decision or action concerned or
take such other action in the matter as he thinks fit.