Section 14
Notification to foreign creditor of proceedings under Malaysian insolvency law
of Cross-Border Insolvency Act 2026
Where under Malaysian insolvency law notification is required to be given to creditors in Malaysia, such notification shall also be given to all known foreign creditors who do not have addresses in Malaysia.
(2)
The Court may make an order requiring that reasonable steps be taken to notify any foreign creditor whose address is not yet known.
Cross-Border Insolvency 15
(3)
The notification referred to in subsection (1) shall be given to the foreign creditors individually, unless the Court is satisfied that, under the circumstances—
(a)
some other form of notification would be more appropriate, including electronic notification or online notification; or
(b)
notification to creditors in Malaysia is given by way of advertisement in the local newspapers in which case the notification to the known foreign creditors may be given by way of advertisement in such foreign newspapers as the Court considers appropriate for ensuring that the content of the notification comes to the attention of such known foreign creditors.
(4)
Where notification of a right to file a claim is to be given to foreign creditors, such notification shall—
(a)
specify a reasonable time period for filing claims and specify the place of filing;
(b)
indicate whether a secured foreign creditor is required to file his secured claims; and
(c)
contain any other information required to be included in such a notification to creditors under the laws of Malaysia and the orders of the Court.