Rail Management Act 1996

Unless an allocation statement otherwise provides, if, immediately before the relevant date, proceedings relating to former relevant assets (including arbitration proceedings) to which a transferor was a party were pending or existing in any court or tribunal, then, on and after that date, the transferee is substituted for the transferor as a party to the proceedings and has the same rights in the proceedings as the transferor had.

S. 78 inserted by No. 98/1998 s. 15.