Cap. 545 Art. 42Transfer of assets and liabilities of the Malta Resources Authority.

(1) With effect from the date of the coming into force of this Act:

(a) all assets and rights of whatever nature of the Malta

Resources Authority (hereafter ‘Authority’) relating to resources other than mineral resources whether existing in Malta or outside Malta, including but not limited to all real or other rights under any contract, all monies due by any person to the Authority, and all shares in, stocks, or other interests of or in any other bodies; and

(b) all obligations and liabilities of the Authority relating to resources other than mineral resources, shall by virtue of this Act be deemed to be assets, rights, liabilities and obligations of the Regulator without the need of any formalities other than this Act.

(2) With effect from the date of the coming into force of the

Environment Protection (Amendment) Act, 2024, all actions pending before any court, tribunal, arbitral tribunal, or any other adjudicating body, instituted by, or against the Authority shall, with reference to resources other than mineral resources and to the legislation listed in the Second Schedule, be continued by, or against the Regulator, without the need of any formalities other than this Act. 43. Repealed by ActXVII.2024.24.