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Part 1Introductory

2Interpretation

(1)In this Act, except in Schedule 1 and where the subject or context otherwise requires—

(2)Any reference in this Act to property or liabilities of a transferor company is a reference to property or liabilities—

(a)wherever they are situated or arise,

(b)whether or not they are capable of being transferred or assigned by the transferor company; and

(c)whether the transferor company is entitled or subject to them under the law of any part of the United Kingdom or under the law of any country or territory outside the United Kingdom.