Clause 13

All deeds, bonds, agreements, instruments and working arrangements subsisting immediately before the appointed day affecting the portion of the property, rights and liabilities transferred to the successor company or the successor Authority under section 3 or affecting any employee of the Authority transferred to the service of the successor company or the successor Authority under section 8 shall continue in full force and effect on and after that day and shall be enforceable by or against the successor company or the successor Authority as if, instead of the Authority or any person acting on behalf of the Authority, the successor company or the successor Authority had been named therein or had been a party thereto.

Any proceedings or cause of action relating to the property, rights and liabilities transferred to and vested in the successor company or the successor Authority under section 3(1) or to any employee of the Authority transferred to the service of the successor company or the successor Authority under section 8 pending or existing immediately before the appointed day by or against the Authority or any person acting on its behalf may be continued and shall be enforced by or against the successor company or the successor Authority.