Malaysia legislation

Section 42B

of *LABUAN OFFSHORES TRUSTS ACT 1996

Section 42B

The Court may, to remedy a breach of trust that has occurred, make an order to—

(a)

compel the trustee to perform the trustee’s duties;

(b)

compel the trustee to redress a breach of trust by paying money, restoring property or other means;

(c)

order a trustee to account to such breach of trust;

(d)

appoint a special fiduciary to take possession of the trust property and administer the trust;

(e)

suspend the trustee;

(f)

remove the trustee;

(g)

reduce or deny compensation to the trustee;

(h)

subject to section 44, invalidate an act of the trustee, impose a lien or a constructive trust on trust property, or trace trust property wrongfully disposed of and recover the property or its proceeds; or

(i)

grant any other appropriate relief.

Trustee acting in respect of more than one trust