Skip to content
bruneilawsby aturio
In forceAs enacted
Contents

Part II

Section 4

(1)

Nothing in this Order shall invalidate any exploration licence, prospecting licence, mining lease or petroleum mining Agreement issued or entered into by His Majesty the Sultan and Yang Di-Pertuan in Council and any lawful authority of the Government, or by either of them, before the date of commencement of this Order or abrogate any of the rights or privileges conferred thereby:

1

Provided that every such right or privilege shall be limited to the extent prescribed by such licence, lease or petroleum mining Agreement.

(2)

All rights, interests, benefits, privileges, duties, undertakings and obligations (other than those of the State Party under any petroleum mining

Agreement) owned, held and assumed before the date of commencement of this

Order by His Majesty the Sultan and Yang Di-Pertuan in Council and any lawful authority of the Government, or by either of them, (including, without limitation, the Prime Minister Corporation) in and in relation to each of the bodies corporate listed in the Second Schedule are without further assurance hereby transferred to and vested in the Company.

(3)

Any assignment or transfer of rights or duties of His Majesty the Sultan and Yang Di-Pertuan in Council and any lawful authority of the Government, or of either of them, under the conditions of licences, leases or petroleum mining

Agreements to the Company shall in no way prejudice the validity of any such licences, leases and petroleum mining Agreements.

Report

Part

Incorporation and Organisation of Company

Read on from Part

Schedules