(1) This Act does not—
(a) affect the interest of a judgement creditor in respect of the land of the creditor's judgement debtor but the debtor's land may only be acquired by an unlicensed alien as provided for under section 4(c);
(b) affect the estate or interest of an alien in any land held by the alien at the commencement of this Act;
(c) apply to a trust in favour of an alien subsisting at the commencement of this Act; or
(d) affect the existing rights of—
(i) a person who becomes an alien by virtue of this Act, in any land or the holding of any share, debenture or other interests in a company held by the alien at the commencement of this Act,
(ii) a company incorporated under the Commercial Code of Saint Lucia and continued under the Companies Act and doing business in Saint Lucia on or before 21 March 1969,
(iii) a financial institutional licensed under the Banking Act, or
(iv) an alien approved by Cabinet at the commencement of this Act as a development alien or an approved lending agency.
(2) This Act shall operate without prejudice to the validity of—
(a) a licence granted under the repealed Act; and
(b) any statutory instruments made under the repealed Act.