Section 8
Existing licences and contracts, etc.
of Sarawak Electricity Supply Corporation (Successor Company) Ordinance, 2004
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(1)
All licences held by or issued in the name of the
Corporation, prior to the transfer date, under which the Corporation is operating or conducts its business, shall, subject to the approval of the authorities which issue or grant, such licences, be transferred to or become vested in the successor company.
(2)
All deeds, bonds, instructions, agreements, undertakings and working arrangements subsisting immediately before the transfer date shall be of full force and effect against or in favour of the successor company, and enforceable as fully and effectively as if, instead of the
Corporation, the successor company has been named therein or a party thereto.