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7.3.—(1) The sheriff may order that an arrestment on the dependence of a claim or counterclaim shall cease to have effect if the party whose funds or property are arrested–
(a)pays into court; or
(b)finds caution to the satisfaction of the sheriff clerk in respect of,
the sum claimed together with the sum of £50 in respect of expenses.
(2) Without prejudice to paragraph (1), a party whose funds or property are arrested may at any time apply to the sheriff to exercise his powers to recall or restrict an arrestment on the dependence of a claim or counterclaim, with or without consignation or caution.
(3) An application made under paragraph (3) must be intimated by the applicant to the party who instructed the arrestment.
(4) On payment into court or the finding of caution to the satisfaction of the sheriff clerk in accordance with paragraph (1), or if the sheriff recalls or restricts an arrestment on the dependence of a claim in accordance with paragraph (2) and any condition imposed by the sheriff has been complied with, the sheriff clerk must–
(a)issue to the party whose funds or property are arrested a certificate in Form 10 authorising the release of any sum or property arrested to the extent ordered by the sheriff; and
(b)send a copy of the certificate to–
(i)the party who instructed the arrestment; and
(ii)the party who has possession of the funds or property that are arrested.
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