(1) Paragraph (2) applies to anything (including legal proceedings) that—
(a) relates to property, rights or liabilities vested in the Secretary of State by virtue of article 2, and
(b) on the coming into force of this article, is in the process of being done by or in relation to British Shipbuilders or a subsidiary of British Shipbuilders.
(2) The thing may continue to be done by, or in relation to, the Secretary of State.
(3) Paragraph (4) applies to anything done by, or in relation to, British Shipbuilders or a subsidiary of British Shipbuilders that relates to property, rights or liabilities vested in the Secretary of State by virtue of article 2.
(4) The thing is to be treated as having been done by, or in relation to, the Secretary of State (so far as is necessary for continuing its effect after this article comes into force).
(5) Paragraph (6) applies to any document that—
(a) relates to property, rights or liabilities vested in the Secretary of State by virtue of article 2, and
(b) has effect immediately before this article comes into force.
(6) Any reference in the document to British Shipbuilders or to a subsidiary of British Shipbuilders is to be read as a reference to the Secretary of State.
(7) In this article any reference to a subsidiary of British Shipbuilders includes a reference to a subsidiary that was dissolved before this article comes into force.