Gas Industry (Residual Provisions) Act 1994
124Longford proceedings
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124 Longford proceedings
(1) This section applies on the Longford assets and Longford liabilities vesting in or becoming liabilities of the transferee under section 119.
(2) If, immediately before the relevant date, any Longford proceedings were pending or existing, then on and after the relevant date—
(a) the transferee is substituted for GASCOR as a party to the Longford proceedings; and
(b) the transferee has the same rights in the Longford proceedings as GASCOR had; and
(c) all things done in the course of the Longford proceedings before the relevant date shall have the same effect in relation to the transferee as they had in relation to GASCOR.
New s. 125 inserted by No. 51/2002 s. 3.