Malaysia legislation
Section 13
Section 13
Access of foreign creditor to proceedings under Malaysian insolvency law
(2)
Subsection (1) shall not affect the ranking of claims in proceedings under Malaysian insolvency law, or the exclusion of foreign tax claims, social security claims or claims for employee’s superannuation or provident funds or claims under any scheme of superannuation from such proceedings.
(3)
Notwithstanding subsection (2), the claims of a foreign creditor shall not be ranked lower than general unsecured creditors solely by reason that the creditor is a foreign creditor.
Notification to foreign creditor of proceedings under Malaysian insolvency law