The Milk Marketing Board Scheme of Reorganisation (Third Party Rights) Regulations 1994
The Minister of Agriculture, Fisheries and Food and the Secretary of State for Wales have granted an application by the Milk Marketing Board (“the Board”) for the approval of a scheme of reorganisation which provides for transfers, as well as for other transactions, in connection with certain of the Board’s property, rights and liabilities. The Agriculture Act 1993 provides in certain circumstances for the overriding of provisions in agreements entered into by the Board which would otherwise prohibit such transfers and transactions and, where such overriding occurs, for arbitration to determine compensation which may be payable to the third parties adversely affected.