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37. Amendment of Act of 1994 - new section 42A relating to relief by way of indemnification

The Act of 1994 is amended by the insertion of the following section after section 42:

"Power of court to grant relief by way of indemnification

42A.

(1) This section applies to any case in which a provision (the ‘relevant provision’) of section 13, 16, 24 or 31 requires a person specified in the provision (the ‘specified person’) to indemnify a person in respect of any loss referred to in the relevant provision suffered by the latter.

(2) In a case to which this section applies, where, on application by any person to the appropriate court, that court is satisfied that the applicant has suffered loss referred to in the relevant provision, the court may make an order requiring the specified person to pay to the applicant such amount as the court determines will indemnify the applicant in respect of that loss.

(3) In subsection (2), ‘appropriate court’ means -

(a) in a case where the following apply -

(i) the specified person has been convicted of an offence under the relevan

Comparing proposed amendment...