Hong Kong Ordinances

MASS TRANSIT RAILWAY ORDINANCE - SECT 52K

Perfection of vesting of foreign rights and liabilities

(1) KCRC and the Corporation shall take, as and when the Corporation considers
appropriate, all steps necessary or desirable for securing that the vesting in
the Corporation under this Part of any foreign right or liability is effective
under the relevant foreign law.

(2) Until the vesting of any foreign right or liability of KCRC in the
Corporation becomes effective under the relevant foreign law, KCRC shall hold
that right for the benefit of, and discharge that liability on behalf of, the
Corporation.

(3) Any costs and expenses incurred by KCRC under subsections (1) and (2)
shall be met by the Corporation.

(4) KCRC and the Corporation shall take, as and when KCRC considers
appropriate, all steps necessary or desirable for securing that the vesting in
KCRC under this Part of any foreign right or liability is effective under the
relevant foreign law.

(5) Until the vesting of any foreign right or liability of the Corporation in
KCRC becomes effective under the relevant foreign law, the Corporation shall
hold that right for the benefit of, and discharge that liability on behalf of,
KCRC.

(6) Any costs and expenses incurred by the Corporation under subsections (4)
and (5) shall be met by KCRC.

(7) Nothing in this section shall be taken as prejudicing the effect under the
laws of Hong Kong of the vesting in the Corporation or KCRC by virtue of this
Part of any foreign right or liability.

(8) In this section, a reference to any foreign right or liability is a
reference to any right or liability in respect of which any issue arising in
any proceedings would have to be determined (in accordance with the rules of
private international law) by reference to the law of a place outside Hong
Kong. (Part IXA added 11 of 2007 s. 20)