Malaysia legislation
Section 69
Section 69
(a)
the instrument under which it acts so provides;
(b)
it is authorized or required to do so by law; or
(c)
the Court so orders.
(2)
A Labuan trust company shall not be liable for breach of trust or loss resulting from any act or omission of a joint trustee, executor or agent with whom it is acting, unless the Labuan trust company has itself actively participated in, or assented to, such breach of trust.
Labuan Financial Services and Securities 79
Delegation to Labuan trust company