(c)

(a)

(e)

Interests in land

12.

that day, it shall be deemed in favour of any other party to the transaction, or any person claiming through or under him, that Den norske Bank has full power and authority for that transaction as if the property or liabilities were deemed to be vested in it under this Ordinance;

a joint certificate given by or on behalf of DnC and Bergen Bank before the appointed day, or a certificate given by or on behalf of Den norske Bank on or after the appointed day, that any property or liabilities specified in the certificate (which property or liabilities immediately before the appointed day are property or liabilities of DnC) is at the date so specified deemed to be vested in Den norske Bank under this Ordinance, shall be conclusive evidence for all purposes of the fact so certified;

nothing in paragraphs (b) and (c) affects the liability of DnC and Bergen Bank to the other of them in respect of anything done, or purporting to have been done, by either of them in connection with, or in relation to any property or liabilities;

and

in this section "convey" includes mortgage, charge, lease, assent, vest by way of vesting declaration or vesting instrument, disclaim, release or otherwise

assure.

The deemed vesting in Den norske Bank of an interest in land by virtue of this Ordinance shall not

(a)

(b)

(c)

(d)

(e)

constitute a purchase or creation of that interest for the purposes of section 119E (2) of the Landlord and Tenant (Consolidation) Ordinance

(Cap.7); or

constitute an assignment, transfer, devolution, parting with possession, dealing with or other disposition of that interest for the purposes of any provision contained in any instrument concerning that interest; or

give rise to any forfeiture; or

invalidate or discharge any contract or security;

or

operate so as to merge any leasehold interest in the reversion expectant on it.

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