Section 37
Limitation
of Labuan Financial Services and Securities Act 2010
ActIn forceProvision 37 of 201
Section 37
Notwithstanding any other written law to the contrary, an action under subsection 36(2) may not be commenced after—
(a)
one hundred and eighty days from the day on which the aggrieved party first had knowledge of the misrepresentation; or
(b)
one year from the date of the purchase transaction that gave rise to the cause of action, whichever is earlier.
Act 704
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