Section 35

Any cross-border insolvency proceedings or application relating to cross-border insolvency commenced before the date of coming into operation of this Act shall continue to be dealt with in accordance with the law in force immediately before the date of coming into operation of this Act.

Any order, direction, decision, act or proceedings made, given, undertaken or done under any written law relating to cross-border insolvency before the date of coming into operation of this Act, and any right, obligation or liability accrued thereunder, shall, in so far as it is not inconsistent with the provisions of this Act, continue to remain valid and enforceable.

Cross-Border Insolvency 31

Nothing in this Act shall affect the rights and remedies of any creditor arising or accrued under the law applicable before the date of coming into operation of this Act, unless otherwise agreed by the relevant parties or directed by the Court under this Act.