Section 31
Presumption of insolvency based on recognition of foreign main proceedings
of Cross-Border Insolvency Act 2026
ActIn forceProvision 31 of 35
Section 31
In the absence of evidence to the contrary, the recognition of foreign main proceedings, for the purpose of commencing proceedings under Malaysian insolvency law, is proof that the debtor is unable to pay its debts within the meaning assigned under Malaysian insolvency law.