177.— (1) All rights, liabilities and assets of the BCC immediately before the establishment day stand transferred to the Authority.
(2) Any pending legal proceedings to which the BCC is a party immediately before the establishment day shall continue in the name of the Authority.
(3) Any investigations being carried out by the BCC immediately before the establishment day shall continue in the name of the Compliance Committee.
(4) Anything commenced but not completed before the establishment day by the BCC may be carried on and completed on or after that day by the Compliance Committee.
