Malaysia legislation
Section 30
Section 30
For the purposes of this Act, in respect of more than one foreign proceedings regarding the same debtor, the Court may seek cooperation and coordination under sections 25, 26 and 27, and the following matters shall apply:
(a)
any relief granted under section 19 or 21 to a representative of foreign non-main proceedings after recognition of foreign main proceedings shall be consistent with the foreign main proceedings;
Cross-Border Insolvency 29
(b)
if the foreign main proceedings are recognized after the filing of an application for recognition of foreign non-main proceedings, any relief granted under section 19
or 21 shall be reviewed by the Court and shall be modified or set aside if inconsistent with the foreign main proceedings; and
(c)
if, after recognition of foreign non-main proceedings, another foreign non-main proceedings are recognized, the Court may grant, modify or set aside any relief for the purpose of facilitating coordination of those proceedings.
Presumption of insolvency based on recognition of foreign main proceedings