Validity of things done under the transitional provisions
116 Validity of things done under the transitional provisions
Nothing effected by, or done or suffered under, the transitional provisions—
is to be regarded as placing any person in breach of contract or confidence or as otherwise making any person guilty of a civil wrong; or
is to be regarded as placing any person in a breach of or as constituting a default under any Act (other than the Charter of Human Rights and Responsibilities Act 2006) or other law or any provision in any agreement, arrangement or understanding including, without limiting the generality of the foregoing, any provision prohibiting, restricting or regulating the assignment or transfer of any property or the disclosure of any information; or
is to be regarded as fulfilling any condition which allows a person to exercise a right or remedy in respect of or to terminate any agreement or obligation; or
is to be regarded as giving rise to any remedy for a party to a contract or an instrument or as causing or permitting the termination of any contract or instrument because of a change in the beneficial or legal ownership of any property, right, liability or obligation; or
is to be regarded as causing any contract or instrument to be void or otherwise unenforceable; or
is to be regarded as frustrating any contract; or
releases any surety or other obligee wholly or in part from any obligation.
S. 117 inserted by No. 20/2019 s. 82.
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