Malaysia legislation
Section 122
Section 122
Bridge institution not a successor employer
Where a bridge institution becomes the employer of any person who is an employee or a former employee of a member institution, the bridge institution shall not—
(a)
be regarded as a successor employer to the member institution;
(b)
be liable for any obligation in respect of the employees or former employees of the member institution or any predecessor of the member institution that exists prior to the bridge institution becoming the employer of the person in question or in respect of any pension plan or other post-employment benefit plan for the employees or former employees of the member institution or their survivors; or
(c)
be liable for any sum calculated by reference to a period of time prior to the bridge institution becoming the employer of the person in question.
134
Power to give directions