(1) Where a Court in which proceedings are pending in respect of an account maintained with a financial institution is satisfied that an account freezing order has been applied for or made in respect of the account, the Court may stay the proceedings or allow the proceedings to continue on any terms the Court thinks fit.
(2) Before exercising the power under subsection (1), the Court shall give the parties to the proceedings and a person who may be affected by the Court's decision, an opportunity to make a representation.
(Inserted by Act 18 of 2023)