Section 19

staying any execution against the property of the debtor;

entrusting the administration or realization of whole or any part of the property of the debtor located in Malaysia to the foreign representative or to a Malaysian insolvency office-holder, for the purpose of protecting and preserving the value of the property which, by its nature or due to other circumstances, is perishable, susceptible to devaluation or is otherwise in jeopardy; and

granting any relief referred to in paragraph 21(1)(c), (d)

or (g).

Any relief granted under subsection (1) by the Court shall be consistent with any order that has been made or may be made under this Act, the Companies Act 2016, the Labuan Companies

Act 1990 or any other written laws.

Cross-Border Insolvency 19

Unless extended under paragraph 21(1)(f), the relief granted under subsection (1) shall terminate upon the determination of the application for recognition of foreign proceedings.

The Court may refuse to grant any relief under this section if such relief would interfere with the administration of foreign main proceedings.

Effects of recognition of foreign main proceedings