Malaysia legislation
Section 82
of LABUAN LIMITED PARTNERSHIPS AND LIMITED LIABILITY PARTNERSHIPS ACT 2010
Section 82
Liability Partnerships 71
(a)
commence or defend any legal proceedings, carry on any business or in any way deal with the properties of the
Labuan limited partnership or Labuan limited liability partnership;
(b)
defend any legal proceedings, make any claim or claim any right for, or in the name of the Labuan limited partnership or Labuan limited liability partnership; or
(c)
act in any manner with respect to the affairs of the
Labuan limited partnership or Labuan limited liability partnership.
(2)
Notwithstanding subsection (1), where the name of a Labuan limited partnership or Labuan limited liability partnership has been struck-off the register, the Labuan limited partnership or
Labuan limited liability partnership, or a partner, liquidator or receiver thereof, may—
(a)
apply to the Authority for the Labuan limited partnership or Labuan limited liability partnership to be registered afresh;
(b)
continue to defend legal proceedings that were commenced against the Labuan limited partnership or Labuan limited liability partnership prior to the date of the striking-off;
and
Act 707
(c)
continue to carry on legal proceedings that were instituted on behalf of the Labuan limited partnership or Labuan limited liability partnership prior to the date of striking-off.
(3)
The fact that the name of a Labuan limited partnership or Labuan limited liability partnership has been struck-off the register shall not be construed as preventing—
(a)
the Labuan limited partnership or Labuan limited liability partnership from being liable for any of its liabilities;
(b)
any person from making a claim against the Labuan limited partnership or Labuan limited liability partnership, and pursuing the claim through to judgment or execution;
or
(c)
the court from granting any order as provided under this
Act.
Secrecy