(1) An appeal lies to the Court from any decision of the Minister revoking an international public mutual fund licence or an international public mutual fund administrator licence or manager licence or of the Director cancelling the registration of an international private mutual fund.
(2) A person making an appeal under this section shall within 7 days after the day on which the Minister or Director has given his or her decision serve a notice in writing signed by the person or the person's attorney-at-law on the Minister and the Attorney General, of the person's intention to appeal and of the general ground of his or her appeal.
(3) An appeal against the decision of the Minister or Director shall be on application pursuant to the Eastern Caribbean Supreme Court Civil Procedure Rules and must be filed within 28 days after the day on which the decision of the Minister was given.
(4) A person aggrieved by a decision of the Minister or Director may, on notice to the Minister apply to the Court for leave to extend the time within which the notice of appeal or the appeal prescribed by this section may be served and the Court on hearing of such an application may extend the time prescribed by this section as it deems fit.
(5) The Court may adjourn the hearing of an appeal and may, upon the hearing confirm, reverse, or modify the decision of the Minister or the Director or remit the matter with the opinion of the Court to the Minister or the Director.
(6) An appeal against a decision of the Minister or Director shall not have the effect of suspending the execution of such decision.