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12(1)For the purposes of this schedule—
“the 1985 Act” means the Bankruptcy (Scotland) Act 1985 (c. 66);
“the 1986 Act” means the Insolvency Act 1986 (c. 45);
“company” means any company which may be wound up under the 1986 Act;
“dealing with property” includes (without prejudice to the generality of that expression)—
where a debt is owed to a person, making a payment to any person in reduction of the amount of the debt; and
removing the property from Scotland; and
“property” includes money and all other property, heritable or moveable, real or personal and including things in action and other intangible or incorporeal property.
(2)For the purposes of this schedule ICC proceedings are concluded—
(a)when there is no further possibility of a forfeiture order being made in the proceedings; or
(b)on the satisfaction of a forfeiture order made in the proceedings (whether by the recovery of all the property liable to be recovered, or otherwise).
(3)For the purposes of paragraphs 8 to 11 above references to a freezing order include references to a freezing order made under Schedule 6 to the 2001 Act.
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Text created by the Scottish Executive department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Acts of the Scottish Parliament except those which result from Budget Bills
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