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The Northern Rock plc Transfer Order 2009

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Associated liability and interference

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5.  The transfer takes effect as if—

(a)no associated liability(1) existed in respect of any failure to comply with any requirement in respect of the transfer, and

(b)there were no associated interference(2) with the property, rights and liabilities transferred.

(1)

The meaning of “associated liability” is given in the 2008 Act, Schedule 2, paragraph 2(2).

(2)

The meaning of “associated interference” is given in the 2008 Act, Schedule 2, paragraph 2(2).

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