Islamic Financial Services Act 2013 · s 195

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s 195Stay in respect of bridge institution

During the period of ninety days following the designation of a bridge institution—

(a)

no action, suit or proceeding in any court or tribunal, may be commenced or continued against the bridge institution or in respect of its assets;

(b)

no attachment, garnishment, execution or other method of enforcement of a judgement, award or order against the bridge institution or its assets may take place or continue;

and

(c)

no creditor of the bridge institution has any remedy against the bridge institution or its assets.

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