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(a) commence or continue any action, execution or other proceedings; or (b) seek to enforce in any way any judgment or order obtained against the licensed financial institution or licensed financial holding company or its successor or the transferee of the whole or any part of any property, assets or undertaking of the licensed financial institution or licensed financial holding company for the recovery of any claim or in respect of any other liability, until the termination of official administration in relation to the licensed financial institution or licensed financial holding company or without the prior leave of the court, unless the court directs otherwise. (4) Where official administration has not yet been terminated, the Central Bank may, where it is of the opinion that it is no longer necessary to impose a stay, publish in the Gazette and in such newspapers as it thinks appropriate in the member countries or territories where it has assumed control of the licensed financial institution or licensed financial holding company, a notification to lift the stay imposed under this sect ion. (5) Where a stay has been lifted under subsection (4), no person shall take any steps to institute winding up, receivership, administration or any other related proceedings in relation to that licensed financial institution or licensed financial holding company without the prior leave of the court unless the court directs otherwise.

(6)

No creditor, shareholder, depositor or any other person shall: (a)

commence or continue any claim, action, execution or other proceedings; or

(b) seek to enforce in any way any judgment or order obtained against the official administrator, in respect of any act, commission, claim, fact or matter connected with or

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