8(1)If immediately before the appointed day any claim (including any contingent claim), action, arbitration or proceeding or any cause of action, arbitration or proceeding is pending or existing against or in favour of the Power Company it shall not terminate or be discontinued or in anywise be prejudicially affected by reason of this Order but may be continued, prosecuted and enforced only by or against or in favour of Alcan UK as and when it might have been continued, prosecuted and enforced by or against or in favour of the Power Company if the Act confirming this Order had not been passed.
(2)Any judgment, decree or award obtained by or against the Power Company and not fully satisfied before the appointed day shall be enforceable only by or against Alcan UK.
(3)Nothing in this Order shall terminate or prejudicially affect the appointment of any receiver or of any administrative receiver or liquidator of the Power Company.