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(1) The receiver may within thirty days of the date of appointment repudiate any non-performed or partially performed contract for the reason that the fulfillment of the contract is burdensome for the bank or specialised deposit-taking  institution  and  the  repudiation  would  promote  the  orderly administration  of  the affairs of the bank or specialised  deposit-taking institution and protect the interests of depositors.

(2) Any liability arising from the repudiation under subsection(1), shall be determined as of the date of repudiation and shall he limited to actual direct damages incurred and exclude any damage for lost profits

(3) In case of the repudiation of a contract for the lease of immovable and movable property, the receiver shall give thirty days’ notice.