12Pending proceedings

12 Pending proceedings

If, immediately before the day on which rights, property or assets referred to in subparagraph 9(2)(b)(i) or subsection 10(2), as the case may be, are transferred to a person, the Authority was a party to proceedings specified in the agreement that were pending in a court, that person is, on that day, by force of this section, substituted for the authority as a party to the proceedings and has the same rights in the proceedings as the party for which that person is substituted.