“The Charging Orders Bill seeks to confer jurisdiction on the high court to make orders imposing a charge for securing the payment of monies due as the judgements or orders of the high court. Where under a judgement, or order of the court, where a debtor is required to pay a sum of money to a creditor, for the purpose of enforcing that judgment or order, the court may make an order in accordance with the provisions of this act imposing on any property as specified in the order charged for securing the payment of money due or to become due under the judgement or order,” he explained.’

The amended law will include any foreign court or arbitral tribunal and the charge may be imposed by a charging order only on “any interest held by a debtor in all or any portion of any property, or any asset or property held under any trust or any interest held by the person as trustee of a trust,” among others Aziz said.