29.—(1) The change of the name of the Trade Development Board to the International Enterprise Singapore Board under this Act shall not —
(a)
operate to create a new legal entity;
(b)
prejudice or affect the identity of the body corporate constituted by the Board or its continuity as a body corporate;
(c)
affect the exercise of any right, or the enforcement of any obligation by or against the Board, or any other person; or
(d)
render defective any legal proceedings by or against the Board,
and any legal proceedings that might have been continued or started by or against it by its former name may be continued or started by or against it by its new name “International Enterprise Singapore Board”.
(2) Any reference in any document to the Trade Development Board and to the Trade Development Board Act (Cap. 330, 2001 Ed.) shall be read as a reference to the International Enterprise Singapore Board and the International Enterprise Singapore Board Act, respectively.
(3) Any contract, arrangement or other transaction purporting to be entered into by the International Enterprise Singapore Board, or by any person on behalf of the International Enterprise Singapore Board, on or after 1st April 2002 but prior to the enactment of the Trade Development Board (Amendment) Act 2002 (Act 17 of 2002) shall bind the International Enterprise Singapore Board as if it had been a party to the contract, arrangement or transaction, as the case may be.