Schedules

Schedule 9Independent System Operator and Planner: transfers

Part 1Transfer schemes

I13Transfer of property, rights and liabilities

1

The transfer of designated property, rights and liabilities under a transfer scheme takes effect on the date (or dates) specified in or determined in accordance with the scheme.

2

Sub-paragraph (1) has effect notwithstanding any provision (whether under an enactment or agreement or otherwise) that would otherwise prevent or restrict the transfer.

3

The things that may be transferred under a transfer scheme include—

a

rights, powers, duties and liabilities under or in connection with a contract of employment (see paragraph 4);

b

property, rights and liabilities that could not otherwise be transferred;

c

property acquired, and rights and liabilities arising, after the making of the scheme;

d

criminal liabilities.