Malaysia legislation
Section 166
Section 166
The appointment of a conservator shall not—
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(a)
be regarded as placing the conservator, the affected person or any other person in breach of or in default under any contract or in breach of confidence;
(b)
be regarded as giving rise to a right for any person to—
(i)
terminate, cancel or modify an agreement;
(ii)
enforce or accelerate the performance of an obligation; or
(iii)
require the performance of an obligation not otherwise arising for performance;
(c)
be regarded as placing the conservator, the affected person or any other person in breach of any law or agreement prohibiting, restricting or regulating the assignment, sale, disposal or transfer of any asset or disclosure of information;
(d)
release a surety from an obligation;
(e)
invalidate or discharge a contract or security;
(f)
be regarded as terminating, cancelling or varying any right, privilege, exemption (including any tax exemption) or priorities in relation to an asset; or
(g)
be regarded as placing the Corporation or the conservator in breach of any law or any court order.
General powers of conservator