Section 10

All deeds, bonds, agreements, instruments and working arrangements subsisting immediately before the vesting date or the staff transfer date affecting the

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undertakings transferred to the successor company under subsection (1) of section 3 or affecting any employee of the Corporation transferred to the service of the successor company under subsection (1) of section 8, as the case may be, whether or not in writing and whether or not such a nature that the rights and liabilities thereunder are capable of assignment by the Corporation shall continue in full force and effect on and after that date and shall be enforceable by or against the successor company as if instead of the

Corporation or any person acting on behalf of the Corporation, the successor company had been named therein or had been a party thereto.

Any proceedings or cause of action relating to the undertakings transferred to the successor company under subsection (1) of section 3 or to any employee of the

Corporation transferred to the service of the successor company under subsection (1) of section 8 pending or existing immediately before the vesting date or the staff transfer date, as the case may be, by or against the Corporation or any person acting on its behalf may be continued and shall be enforced by or against the successor company.

Repeal of Enactment No. 31 of 1981 and transitional provisions.