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s 30

Supreme Court’s powers for enforcement of s. 26 and 27

In force
Part 3Provisions applicable to Bank after privatisation
Division 5Enforcement of Divisions 3 and 4

30 Supreme Court’s powers for enforcement of s. 26 and 27

(1)

The Supreme Court may, on the application of the Minister, grant an injunction in such terms as the Court thinks fit where the Court is satisfied that the Bank or any person —

(a)

has done or omitted to do or is proposing or attempting to do or omit to do any thing that amounts to, or would amount to, a breach of section 26 or 27; or

(b)

is involved in a breach of section 26 or 27.

(2)

An interim or interlocutory injunction may be granted before final determination of an application.

(3)

If the Minister applies to the Court for an injunction under this section, the Court is not to require the Minister, as a condition of granting an interim injunction, to give an undertaking as to damages.

(4)

A reference in subsection (1) to a person being involved in a breach is a reference to a person who —

(a)

has aided, abetted, counselled or procured the breach; or

(b)

has induced the breach, whether by threats or promises or otherwise; or

(c)

has been in any way, directly or indirectly, knowingly concerned in, or party to, the breach; or

(d)

has conspired with others to effect the breach; or

(e)

has attempted to do any act of a kind referred to in paragraph (a), (b), (c) or (d).

[Section 30 amended: No. 14 of 2025 s. 11(5).]

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