Schedule 4 - Powers of trustee for civil recovery

Part of Proceeds of Crime Bill – in a Public Bill Committee at 5:30 pm on 18 December 2001.

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Photo of Mark Field Mark Field Conservative, Cities of London and Westminster 5:30, 18 December 2001

The schedule mentions compromise. I wonder what power the trustee has under paragraph 5, which refers to

''compromise or other arrangement in connection with any claim relating to the property.''

I wonder whether the Minister would elucidate, because it seems that the trustee has been stripped of power. In particular, I am slightly concerned about the position of third parties. Can the Minister clarify what the Government had in mind on the subject of compromise on the part of the trustee, and whether the passage is part of some standard documentation on trustee powers, which is found in similar Acts?