18(1)This paragraph applies if a transfer scheme provides for a transfer from a transferor to a transferee.U.K.
(2)From the coming into force of the scheme the transferee is to have the same rights, powers and remedies for ascertaining, perfecting or enforcing a right or liability transferred to him under the scheme as he would have had if the right or liability had at all times been a right or liability of his.
(3)From the coming into force of the scheme any person (other than the transferee) is to have the same rights, powers and remedies for ascertaining, perfecting or enforcing a right or liability transferred to the transferee under the scheme as he would have had if the right or liability had at all times been a right or liability of the transferee.
(4)The rights and powers which the transferee or any other person is to have include—
(a)rights and powers as to the taking or resisting of legal proceedings;
(b)rights and powers as to the making or resisting of applications to an authority.
(5)Sub-paragraph (6) applies if on the coming into force of the scheme legal proceedings or applications to an authority by or against the transferor are pending.
(6)The proceedings or applications must be continued by or against the transferee (to the transferor’s exclusion) in so far as they relate—
(a)to any property, rights or liabilities transferred to the transferee under the scheme, or
(b)to any agreement or enactment relating to any such property, rights or liabilities.
Commencement Information
I1Sch. 6 paras. 1-25 wholly in force at 1.2.2001, see s. 275(1) and S.I. 2001/57, art. 3(1), Sch. 2 Pt. I (subject to the transitional provision and saving in Sch. 2 Pt. II)