Malaysia legislation
Section 168
Section 168
If the Corporation makes a payment out of the Capital
Market Compensation Fund in respect of a claim from the
(a)
the Corporation is subrogated to the extent of the payment to all the rights and remedies of the claimant in respect of the loss suffered by the claimant;
and
(b)
the claimant shall not make any claim or have any right under bankrupty or legal proceeding or otherwise to receive in respect of the loss—
(i)
any sum out of the assets of the relevant person concerned; or
(ii)
any sum if the loss was caused by an act or omission of a director, officer, representative or employee of the relevant person, until the Corporation has been reimbursed the full amount of the payment made by it out of the Capital
Market Compensation Fund, including any interest paid thereof.
Power of the court to make certain orders