Securitisation Act (Cap. 484), article 7

7. No proceedings taken in relation to the originator under the Companies Act, or any other law, including any dissolution and winding-up proceedings, any company recovery procedure, any company reconstruction and any proceedings affecting creditors’ rights generally shall have any effect on: (a) the securitisation vehicle; (b) any securitisation assets acquired or risks assumed by the securitisation vehicle, as well as any cashflow or other asset of the securitised vehicle; (c) any payments due by the underlying debtors in connection with the securitised assets. Delegation of administration duties and functions by securitisation vehicles.