Article 134 - Rights related to the obligation transferred
Obligee may assert against the New Obligor all its rights to payment or other performance under the contract in respect of the obligation transferred.
(2) Security granted by any
Person other than the New Obligor for the performance of the obligation is discharged, unless that other Person agrees that it should continue to be available to the Obligee.
(3) Discharge of the original
Obligor also extends to any security of the original Obligor given to the Obligee for the performance of the obligation, unless the security is over an asset which is transferred as part of a transaction between the original Obligor and the New Obligor.