23Effect of this Part on contracts, instruments and other matters

23 Effect of this Part on contracts, instruments and other matters

23 Effect of this Part on contracts, instruments and other matters

The operation of this Part is not to be regarded as—

(a) a breach of contract, trust or confidence or otherwise as a civil wrong, or

(b) a breach of any contractual provision prohibiting, restricting or regulating the assignment or transfer of assets, rights or liabilities, or

(c) giving rise to any remedy by a party to an instrument, or as causing or permitting the termination of, or exercise of rights under, any instrument, or

(d) an event of default under any contract or other instrument.