A chunk of money is to be paid to the applicant by the respondent. If that’s not paid by 4 PM on 19 July the respondent has to pass all the assets of the applicant sells them on the market.
The sale price has to be agreed by the parties and if they can’t agree, it’s back to court for the court to decide the issue.
The same applies to the choice of selling agent.
All the assets keep being sold until the chunk of money is paid in full.
The last sentence is somewhat convoluted. It is to stop the applicant selling the assets for 1 pound. Credit would be given against the amount of the chunk of money at the value attributed by the court regardless of what it sold for.
It seems rather odd provision when earlier in the judgement it says that each asset be sold for such prices may be agreed between the parties or in default the amount determined by the court.
Can I clarify anything for you?
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