Section 4: Effect of transfer of undertaking
consolidated text (as at 2006). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
4. Effect of transfer of undertaking
Notwithstanding any other enactment or anything contained in any contract or agreement—
(a) any right or obligation existing in favour of, or against, the
Agency before 1 October 2006 shall, in respect of the undertaking vested in the Board of Investment, on 1 October 2006, be a
right or obligation enforceable in favour of, or against, the Board
of Investment;
(b) nothing contained in or authorised by this Act shall—
(i) invalidate or discharge the contract or other agreement;
(ii) release any surety wholly or in part from any liability under,
or in respect of, the contract or agreement; or
(iii) otherwise place the Board of Investment in a position
which is less favourable than the Agency would have been
if this Act had not been passed.