Singapore legislation
Clause 23
Clause 23
Railway assets contract non-transferable
(1)
A railway assets contract, and any right, benefit or privilege of a railway assets operator under a railway assets contract, are not transferable.
(2)
A transfer or an assignment, or a purported transfer or assignment, of a railway assets contract, or of any right, benefit or privilege of a railway assets operator under the railway assets contract, is void and of no effect.