S.L. 595.49 Art. 27Transitory provisions.

With effect from the date of the coming into force of this order:

(a) the rights, functions and powers which are currently vested in the Malta Council for Science and Technology shall be transferred to the Agency as stipulated by articles 5 and 6 and the Malta Council for Science and Technology shall have no further obligations with respect to the carrying out of such functions or powers;

(b) any pending commitments, contracts or agreements concluded by the Malta Council for Science and Technology or the Malta Council for Science and Technology Agency with third parties relating to any of the functions transferred to the Agency, any such commitment, contract or agreements shall be transferred to the Agency who shall, as from the aforesaid date, substitute the Malta Council for Science and Technology and the Malta Council for Science and Technology Agency as a party to the said commitment, contract or agreement;

(c) any legal proceedings pending against the Malta Council for Science and Technology or the Malta Council for Science and Technology Agency and such proceedings are related to any of the functions transferred to the Agency, the Agency shall, as from the aforesaid date, substitute the Malta Council for Science and Technology and the Malta Council for Science and Technology Agency in such proceedings or shall be made a party thereto;

(d) the Agency shall assume responsibility for all assets, liabilities and obligations previously held or entered into by Malta Council for Science and Technology and the Malta Council for Science and Technology Agency and emanating or arising from the functions of the Agency.