20.
(1) From and after the coming into operation of this Law. any contractual arrangements made and entered into by the Friedrich Ebert Foundation of the Federal Republic of Germany, registered under the Societies Ordinance of the said Republic, with a company limited by guarantee, registered in Sri Lanka under the Companies Ordinance, and called " The Lanka Foundation shall be deemed to be null and void. |
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(2) The Sri Lanka Foundation may upon such terms and conditions as are mutually agreed upon with the Friedrich Ebert Foundation, make new arrangements for the continuation of any work and the completion of any project in progress under such contractual arrangements as are referred to in sub-section (1). |
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