5Without prejudice to the generality of paragraphs 2 and 3, any legal proceedings or applications to any authority pending on the appointed day—
(a)by the Crown in connection with the unincorporated Agents, or by the unincorporated Agents ; or
(b)against—
(i)the Crown in connection with the unincorporated Agents or any of them ; or
(ii)the former Agents or any of them ; or
(iii)any other person as the successor of any of the former Agents,
shall, so far as they relate to any property, right, liability or obligation vesting in the Crown Agents by virtue of this Act or to any agreement or document which has effect in accordance with paragraph 2 or 3, be continued by or against the Crown Agents to the exclusion (where applicable) of the Crown or, as the case may be, the relevant person or persons mentioned in sub-paragraph (a) or (b).