Rule 42 Recovery of Debts to the Association

RECOVERY OF DEBTS TO THE ASSOCIATION

The Association may initiate proceedings against the Member in the Commercial Court of the High Court of Justice of London, to recover any sums which the Association may assert to be due to it from a Member. Without prejudice to the foregoing, the Association shall be entitled to commence and maintain any action to recover any sums which the Association may consider to be due to it from a Member in any jurisdiction. The Association may take Proceedings in any jurisdiction in order to obtain security for any claim it asserts.