Paragraph 8

this Act shall have effect so as, without further assurance, to vest the property or interests, or those rights or liabilities, in the transferee at the time appointed by the High Court for the purposes of paragraph 3(4); and

the provisions of that scheme in relation to that property or those interests, or those rights or liabilities, shall have effect from that time.

in relation to property, rights or liabilities transferred by an energy transfer scheme, means the new energy company; and

in relation to interests, rights or liabilities created by such a scheme, means the person in whose favour, or in relation to whom, they are created.