Section 22
Protection of creditors and other interested persons
of Cross-Border Insolvency Act 2026
In granting or refusing any relief under section 19
or 21, or in modifying or terminating any relief under subsection (3)
or subsection 20(6), the Court shall be satisfied that the interests of the creditor, including the creditor in Malaysia, any secured creditor or party to a hire-purchase agreement, and any other interested person, including the debtor where appropriate, are adequately protected.
(2)
The Court may impose such conditions on the grant of relief under section 19 or 21 as the Court deems appropriate, including requiring the foreign representative to furnish security for the due performance of his functions.
(3)
The Court may, on the application of the foreign representative or any person affected by the relief granted under section 19
or 21, or on its own motion, modify or terminate the relief.