If, immediately before the day on which rights, property or assets referred to in subparagraph 9(2)(b)(i) or subsection 10(2), as the case may be, are transferred to a person, the Authority was a party to proceedings specified in the agreement that were pending in a court, that person is, on that day, by force of this section, substituted for the authority as a party to the proceedings and has the same rights in the proceedings as the party for which that person is substituted.