Malaysia legislation

Section 176

of *MALAYSIA DEPOSIT INSURANCE CORPORATION ACT 2011

Section 176

(2)

Where the conservator seizes any asset which is not an asset of the affected person and at the time of the seizure, believes, and has reasonable grounds for believing, that he is entitled to seize that asset, then the conservator is not liable to any person in respect of any loss or damage resulting from the seizure unless that loss or damage is caused wilfully by the conservator or any person who acts on his behalf or by the conservator’s own negligence.

Obstructing or hindering conservator