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GLOBAL ECONOMIC MELTDOWN AND THE JUDICIARY - page 13 / 16

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PART II CONTD- IMPERATIVE OF SPECIAL PROTECTION OF INVESTORS IN CAPITAL MARKET: SPECIAL INSOLVENCY LAW- THE ISA 2007 AND SEC REGULATIONS ON INTERMEDIARIES

IS IT ENOUGH? IS THE ISSUE OF PRIORITY IN REDISTRIBUTION OF ASSETS RESOLVED CLEARLY?

COMPARE S42 ISA 2007 AND Ss. 54 TO 56 BOFIA:

S42 NOT SPECIFIC-LITIGIOUS AND IN CONFLICT WITH NORMAL LAW FOR CAPITAL MARKET

S 54 BOFIA CLEAR DEROGATION TO S494.

RULES OF INTERPRETATION: SPECIFIC PROVISIONS AND GENERAL PROVISIONS, WHICH PREVAILS?

CONCLUSION- THERE IS STILL A LOOPHOLE IN PROVISION OF ISA 2007

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