Division 2 — Notice for adjustment
Notice for adjustment
15.—(1)  A notice for adjustment in relation to a notice of negotiation must —
(a)be in Form 6;
(b)be accompanied by the following:
(i)a copy of the notice of negotiation;
(ii)a copy of all the documents enclosed with the notice of negotiation; and
(c)be served on the persons mentioned in section 47(2) of the Act by the prescribed mode of service.
(2)  Apart from the persons mentioned in section 47(2) of the Act, a notice for adjustment must be served on an assignee of the party who served the notice of negotiation (called in this Division A) (if any) —
(a)by the prescribed mode of service; and
(b)within the service period for that notice for adjustment.
Withdrawal of notice for adjustment
16.—(1)  A notice of withdrawal of a notice for adjustment mentioned in section 48(4) of the Act must —
(a)be in Form 3; and
(b)be served on the persons mentioned in section 48(4)(a) of the Act by the prescribed mode of service.
(2)  Apart from the persons mentioned in section 48(4)(a) of the Act, a notice of withdrawal of a notice for adjustment must be served on an assignee of A (if any) —
(a)by the prescribed mode of service; and
(b)within the service period for that notice of withdrawal.
(3)  If —
(a)a copy of the notice of negotiation (in relation to which the notice for adjustment was lodged) has been lodged under paragraph 6 or 12 of Part 2 of the Fifth Schedule to the Act with a court, an arbitral tribunal or other person or body, before which proceedings were brought; and
(b)either —
(i)only one notice for adjustment is lodged with the adjustment relief Registrar and served on the persons mentioned in section 47(2) of the Act, under section 47 of the Act, and that notice is withdrawn under section 48(4) of the Act; or
(ii)more than one notice for adjustment are lodged with the adjustment relief Registrar and served on the persons mentioned in section 47(2) of the Act, under section 47 of the Act, and every such notice is withdrawn under section 48(4) of the Act,
the party or party’s assignee who withdrew the notice for adjustment or the last subsisting notice for adjustment (as the case may be) must, no later than 4 working days after the date of the notice of withdrawal of that notice for adjustment, file with the court, or submit to the arbitral tribunal or other person or body, before which the proceedings are pending, a memorandum of service of withdrawal in Form 4.
(4)  A memorandum of service of withdrawal mentioned in paragraph (3) must —
(a)contain the following:
(i)information identifying the proceedings before the court, arbitral tribunal or other person or body;
(ii)a declaration of service of the notice of withdrawal of that notice for adjustment which must state when such service was effected; and
(b)be accompanied by a copy of the notice of withdrawal.