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33. (1) All rights and liabilities of the Credit Reviewer arising by virtue of any contract or commitment (expressed or implied) entered into by that person before the establishment day in the course of performing his or her functions under the Guidelines shall, on the establishment day, be transferred to the Service.
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(2) Every right and liability transferred by subsection (1) to the Service may, on and after the establishment day, be sued on, recovered or enforced by or against the Service in its own name, and it shall not be necessary for the Service to give notice to the person whose right or liability is transferred by that subsection of such transfer.
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