Singapore legislation
Clause 7
Clause 7
Transfer to the Board of the external telecommunication undertakings of the Government and the Company
(1)
The external telecommunication undertakings of the Government and of the Company shall be transferred to and vest in the Board without further assurance.
(2)
Without prejudice to the generality of subsection (1) of this section such transfer shall include —
all land, buildings and other property, movable and immovable, except such as shall be expressly excluded by agreement between the Government and the Company, and all assets, powers, rights and privileges in connection therewith or appertaining thereto held or enjoyed by the Government and by the Company in connection with the provision by them of external telecommunication services;
all rights and interests connected with such external telecommunication services of the Government and of the Company in any other undertaking; and
all liabilities and obligations arising from such external telecommunication services of the Government and of the Company.
(3)
Any proceeding or course of action pending or existing immediately prior to the coming into operation of this Ordinance by or against the Government or the Company in respect of their external telecommunication undertakings or service may be continued and enforced by or against the Board, as it might have been by or against the Government or the Company, if this Ordinance had not been passed.