Successor rights and obligations

(1) If any employer sells a part of his business, undertaking or company, or otherwise leases, transfers or disposes of such part or the whole of the business, undertaking or company, (a) the purchaser, lessee or transferee shall be bound by all pending proceedings made under this Act in respect of the business, undertaking or company before such purchase, lease, transfer or disposition; (b) any collective bargaining agreement entered into by the employer which is in force shall continue to apply and bind the purchaser, lessee or transferee, until it expires or is repealed and replaced by a new collective (2) Any party aggrieved by the application of subsection (1) (a) or (b) of this section, may apply to the Supreme Court for redress, which may in respect of such application make Trade Unions and Employers; Organisations (Registration, Recognition and Status) 37 such orders and grant such relief as it may think just and equitable.