Malaysia legislation
Section 10
Section 10
Notwithstanding section 9, the Director may revoke the licence where the licensee is insolvent or has been wound up or an order of bankruptcy has been made against the licensee by a court of competent jurisdiction.
Effects of revocation of licence 11.―(1) Upon the revocation of a licence, the Director may by notice in writing addressed to the licensee⎯
(a)
require the licensee within a period of not less than fourteen days, to remove any installation established by him pursuant to the licence in the area of supply; or
(b)
acquire or cause to be acquired the installation upon payment of adequate compensation to the licensee, and authorize by licence another person to carry out the licensed activity to ensure continuity of the supply of gas to the consumer:
Provided that where no acquisition is required, the Director shall direct the former licensee to permit forthwith any such person to enter into and utilize the installation or facility to ensure continuity of supply of gas to the consumer, subject to terms and conditions to be agreed to.
(2)
Compensation for installation acquired under this section shall be agreed upon by the parties and in the absence of such agreement, the dispute shall be referred to arbitration under the
Arbitration Act 2005 [Act 646]:
Provided that any reference to arbitration shall not delay or in any way affect the acquisition of the installation but an arbitrator may order that security for payment of the compensation in such form or manner as he may deem fit be provided to the licensee whose installation is to be acquired.
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