Section 55

Subject to section 56, any provision contained in the constituent document or in any contract with the Labuan foundation or otherwise, which exempts any council member, supervisory person, officer or secretary of the Labuan foundation or indemnify him against, any liability which by virtue of any rule of law would otherwise attach to him in respect of any negligence, default, misconduct or breach of duty of which he may be guilty in relation to the Labuan foundation, shall be void.

Court may grant relief