Effect of other instruments, rights and obligations
206 Effect of other instruments, rights and obligations
The operation of this Part, regulations made under this Part or a section 194 transfer order must not be regarded —
as a breach of contract or confidence or otherwise as a civil wrong; or
as a breach of any contractual provision prohibiting, restricting or regulating the assignment or transfer of assets, rights or liabilities or the disclosure of information; or
as giving rise to any remedy by a party to an instrument, or as causing or permitting the termination of any instrument, because of a change in the beneficial or legal ownership of any assets, rights or liabilities; or
as causing any contract or instrument to be void or otherwise unenforceable; or
as releasing or allowing the release of any surety.
[Section 206 amended: No. 1 of 2023 s. 76.]
This Act’s bill:Explanatory memorandumSecond reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.