Cap. 257 Art. 2Interpretation. Cap. 215.

(1) In this Act, unless the context otherwise requires -

"Barclays Bank" means the company known as Barclays Bank International Limited and operating in Malta under a licence issued † under the Banking Act , on the 15th day of February, 1971; "Minister" means the Minister responsible for finance;

"operative date" means the date on which the transfer of the relevant business is to take effect;

"relevant business" means the business of Barclays Bank in Malta as on the operative date;

"security" includes any privilege, hypothec, mortgage, pledge, debenture, guarantee, indemnity, undertaking and any other means of securing payment or the discharge of a debt, liability or obligation; "transferee company" means the company designated by the Minister as the transferee company for the purposes of this Act.

(2) Notwithstanding anything contained in any other law, or in any deed, contract, instrument or other document whatsoever, the provisions of this Act shall have effect, and in the event of any conflict between a provision of this Act and the provision of any other law or anything contained in any deed, contract, instrument or document whatsoever, the provisions of this Act shall prevail.