Air Navigation and Transport (Amendment) Act, 1998

Transfer of rights and liabilities, and continuation of leases, licences and permissions granted by Minister.

15.—(1) All rights and liabilities of the Minister arising by virtue of any contract or commitment (expressed or implied) entered into by him or her before the vesting day in relation to a function of the Minister corresponding to a function conferred on the company by section 16 shall on that day stand transferred to the company.

(2) Every right and liability transferred by subsection (1) to the company may, on and after the vesting day, be sued on, recovered or enforced by or against the company in its own name and it shall not be necessary for the company or the Minister to give notice to the person whose right or liability is transferred by that subsection of such transfer.

(3) Every lease, licence, wayleave or permission granted by the Minister in relation to land or other property vested in the company by or under this Act, and in force immediately before the vesting day, shall continue in force as if granted by the company.