Malaysia legislation
Section 61
Section 61
(a)
the capacity of the founder;
(b)
any aspect of the validity of the Labuan foundation or disposition or the interpretation or effect of the Labuan foundation;
(c)
the administration of the Labuan foundation, whether the administration be conducted in Labuan or elsewhere, including questions as to the powers, obligations, liabilities and rights of the governing bodies or supervisory persons of the Labuan foundation and their appointment and removal; and
Labuan Foundations 47
(d)
the existence and extent of powers, conferred or retained by the founder, including powers of variation or revocation of the charter of the Labuan foundation and the validity of any exercise of such powers.
(2)
Where a Labuan foundation is validly established in accordance with its constituent document or as provided by this
Act, the Court shall not vary it or set it aside or recognize the validity of any claim against the property of the Labuan foundation pursuant to the law of another jurisdiction or the order of a Court of another jurisdiction in respect of the following:
(a)
the personal and proprietary consequences of marriage or the termination of marriage;
(b)
succession rights, whether testate or intestate, including the fixed shares of spouses or relatives;
(c)
any claims or orders of a Court with regard to those matters referred to in paragraph (a) or (b) in reference to the personal laws of the founder or the beneficiaries;
and
(d)
the claims of creditors in an insolvency subject to the provisions of this section.