9(1)Nothing in this Act affects the validity of anything done by or in relation to the transferor in connection with anything transferred by a transfer scheme.E+W+S
(2)There may be continued by or in relation to the transferee anything (including legal proceedings) which—
(a)relates to anything transferred by a transfer scheme, and
(b)is in the process of being done by or in relation to the transferor immediately before the transfer takes effect.
(3)Anything which—
(a)was done by the transferor for the purposes of or otherwise in connection with anything transferred by a transfer scheme, and
(b)is in effect immediately before the transfer takes effect,
shall have effect as if done by the transferee.
(4)The transferee shall be substituted for the transferor in any instruments, contracts or legal proceedings which—
(a)relate to anything transferred by a transfer scheme, and
(b)are made or commenced before the transfer takes effect.
(5)Any reference in this paragraph to anything done by or in relation to the transferor includes a reference to anything which by virtue of any enactment is treated as having been done by or in relation to the transferor.