Singapore legislation
Section 54
Section 54
Confirmation of transfers
(1)
If any dispute arises —
(a)
as to whether an asset or a liability or a record is transferred under section 50 or 53; or
(b)
as to whether any, or any part of any, contract or document relates to an asset or a liability or a record transferred under section 50 or 53,the Minister for Finance may determine the matter and is to provide the concerned parties with written notice of that determination.
(2)
The determination of the Minister for Finance under subsection (1) is final and binding on the transferor concerned and the Agency.