Section 31: Pending or existing proceedings or cause of action.

Any proceeding or cause of action pending immediately before the commencement of this Act by or against the Foundation in respect of any right, interest, obligation or liability of the Foundation may be continued or as the case may be commenced and any determination of the court of law, tribunal or other authority or person may be enforced by or against the Institute established by this Act to the same extent that such proceeding or cause of action or determination might have been continued, commenced or enforced by or against the Foundation.