Cross-Border Insolvency Act 2026 · Updated to 30 Jan 2026 · Part V · Concurrent Proceedings
28. Commencement or continuation of proceedings under Malaysian insolvency law after recognition of foreign main proceedings
Feedback & supportAfter recognition of foreign main proceedings, the effects of any proceedings under Malaysian insolvency law in relation to the same debtor shall, in so far as the proceedings relate to the property of the debtor, be limited—
foreign main proceedings
“foreign main proceedings” means foreign proceedings taking place in a foreign State where the debtor has its centre of main interests;
to property that is located in Malaysia; and
to the extent necessary to give effect to cooperation and coordination under sections 25, 26 and 27, to other property of the debtor that under the laws of Malaysia, should be administered in those proceedings.
debtor
“debtor” means— (a) a corporation as defined in section 3 of the Companies Act 2016 but does not include limited liability partnership and foreign limited liability partnership; or (b) a corporation as defined in section 2 of the Labuan Companies Act 1990;