Revised Laws of Saint Lucia (2021)

35.   Term extensions, attachments and voidable transfer of assets

Where a receiver or a liquidator has been appointed for a licensee—

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    (a)     any term, statutory, contractual or otherwise, on the expiration of which a claim or right to the licensee would expire or be extinguished shall be extended by 6 months from the date of the appointment of the receiver or liquidator;

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    (b)     any attachment or lien except a lien registered prior to the appointment of the receiver shall be vacated and no attachment or lien except a lien created by the receiver or the liquidator in the application of the provisions of this Part shall attach to any of the property or assets of the licensee so long as such possession continues; or

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    (c)     any transfer of an asset of the licensee made after or in contemplation of its insolvency or the appointment of the receiver or liquidator with intent to effect a preference shall be void.