188 Exercising power of sale under a Seychelles law charge

(1) Notwithstanding any provisions to the contrary in a charge governed by
Seychelles law, in the event that a chargee is exercising his right of sale

pursuant to this Act, the sale shall be at —


(a) open market value at the time of sale; or

(b) the best price reasonably obtainable if there is no open market
value at the time of sale.

(2) Unless the provisions of a charge governed by Seychelles law specify to
the contrary, a sale pursuant to section 187(1)(a) may be conducted in
any manner, including by private sale or public auction.