Page:Competition Ordinance (Cap. 619).pdf/106

Rh

'''2. Registration of orders relating to immovable property'''

If any property specified in an order made under section 1(d ) of this Schedule is immovable property, the order is, for the purpose of the Land Registration Ordinance (Cap. 128)—
 * (a) to be regarded as an instrument affecting land; and
 * (b) registrable, as an instrument affecting land, in the Land Registry under that Ordinance in any manner the Land Registrar considers appropriate.

3. Interpretation

In section 1(j) of this Schedule, a reference to “withholding” includes—
 * (a) agreeing or threatening to withhold; and
 * (b) procuring others to withhold or to agree or threaten to withhold.

   Rh

1. An order may provide for—
 * (a) the division of any business (whether by the sale of any part of its assets or otherwise); or
 * (b) the division of any undertaking or association of undertakings.

2. An order made under section 1 of this Schedule may contain any provisions that the Tribunal considers appropriate to effect or take account of the division including, in particular, provision as to—
 * (a) the transfer or creation of property, rights, liabilities or obligations;
 * (b) the number of persons to whom the property, rights, liabilities or obligations are to be transferred or in whom they are to be vested;
 * (c) the time within which the property, rights, liabilities or obligations are to be transferred or vested;
 * (d) the adjustment of contracts (whether by discharge or reduction of any liability or obligation or otherwise);