|
|
Pending proceedings and existing contracts.
|
68.—(1) No proceeding (including an arbitration) or cause of action pending or existing immediately before the establishment date by or against either dissolved undertaker shall abate, be discontinued or be in any way prejudicially affected by reason of anything in this Act, but the proceeding or cause of action may be continued and enforced by or against the Board as it might have been by or against that dissolved undertaker if this Act had not been passed, but not further or otherwise.
|
|
| |
(2) Subject to the provisions of this Act, all contracts, deeds, bonds, agreements and other instruments and all working arrangements subsisting immediately before the establishment date and affecting either dissolved undertaker shall be of as full force and effect against or in favour of the Board and may be enforced as fully and effectually as if, instead of that dissolved undertaker, the Board had been a party thereto.
|
