(1) To the extent that a liability expressed to be transferred under a resolution order is, or includes, a foreign liability -
(a) where the law governing the transfer of the foreign liability permits the transfer or assignment of that liability, the institution under resolution and recipient shall do everything required by that law to give effect to the transfer or assignment, and
(b) to any extent that that law does not permit the transfer or assignment of the foreign liability, the recipient is responsible for discharging the obligations of the institution under resolution under that liability.
(2) To the extent that an asset expressed to be transferred by a resolution order is, or includes, a foreign asset -
(a) where the law governing the transfer or assignment of the foreign asset permits the transfer or assignment of that asset, the institution under resolution shall do everything required by that law to give effect to the transfer, and
(b) to the extent that that law does not p
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