The Kaupthing Singer & Friedlander Limited Transfer of Certain Rights and Liabilities Order 2008

Immunity of Bank

This section has no associated Explanatory Memorandum

33.—(1) The Bank has immunity in relation to action or inaction in relation to or pursuant to this Order.

(2) In this article—

(a)a reference to the Bank is a reference to the Bank and anyone who acts or purports to act as a director, officer, servant or agent of the Bank;

(b)“immunity” means immunity from liability in damages.

(3) The immunity does not extend to action taken—

(a)in bad faith, or

(b)in contravention of section 6(1) of the Human Rights Act 1998(1).