Malaysia legislation

Section 37

of LABUAN FINANCIAL SERVICES AND SECURITIES ACT 2010

Section 37

Labuan Financial Services and Securities 59

Notwithstanding any other written law to the contrary, an action under subsection 36(2) may not be commenced after—

(a)

one hundred and eighty days from the day on which the aggrieved party first had knowledge of the misrepresentation; or

(b)

one year from the date of the purchase transaction that gave rise to the cause of action, whichever is earlier.

Act 704

Certificate of compliance

Section 37 — LABUAN FINANCIAL SERVICES AND SECURITIES ACT 2010