Cap. 403 · Insurance Business Act (Cap. 403)
Cap. 403 Art. 36Provisions supplementary to article 35.
PART VIII
Where the Tribunal approves a scheme under article 35, the long term business referred to in the application may be transferred to the transferee without any further need of any document evidencing the consent of the policyholder and of every other person who claims an interest in a policy included in the proposed transfer and notwithstanding any opposition by the policyholder and every other person who claims an interest in a policy included in the proposed transfer. The Tribunal may make provision for such incidental, consequential and supplementary matters as are necessary to secure that the scheme shall be fully and effectively carried out; and, where such be the case, for the continuation by or against the transferee of any legal proceedings pending by or against the transferor which relate to the scheme.