Hong Kong Ordinances

WESTERN HARBOUR CROSSING ORDINANCE - SECT 60

Effect of winding up of the Company, termination of franchise, etc.

(1) All rights and obligations of the Company under this Ordinance shall,
except to the extent necessary to give effect to sections 61 and 62, cease on-

   (a)  the commencement of the voluntary winding up of the Company;

   (b)  the making of a winding-up order in respect of the Company;

   (c)  the revocation of the franchise under section 59(5)(b); or

   (d)  the expiry of the franchise period, whichever event first occurs.

(2) On the cessation of the rights and obligations of the Company under this
section the assets of the Company to which this Part applies pursuant to
section 64 shall vest in the Government. (Enacted 1993)