18Transfer of pending proceedings

18 Transfer of pending proceedings

(1) This section applies if, as a result of a transfer under this Act, a person (the successor) becomes the successor in law of another person (the original person) at a particular time in relation to a particular asset, liability, right, benefit or obligation. (2) If any proceedings to which the original person was a party: (a) were pending in any court or tribunal immediately before that time; and (b) related, in whole or in part, to the asset, liability, right, benefit or obligation, as the case may be; the successor is, by force of this subsection, substituted for the original person as a party to the proceedings to the extent to which the proceedings relate to the asset, liability, right, benefit or obligation, as the case requires.