Malaysia legislation
Section 54
of MALAYSIA DEPOSIT INSURANCE CORPORATION (AMENDMENT) ACT 2016
Section 54
Section 104 of the principal Act is amended by inserting after subsection (2) the following subsections:
“(2a) Where the Corporation makes a transfer referred to in paragraph 99(1)(ga) or extinguishes the rights referred to in paragraph 128b(7)(b), a request for a review in accordance with the First Schedule is the sole means by which the amount of the consideration received or receivable in such transfer or the amount of the compensation received or receivable in respect of the rights so extinguished may be questioned, and no court may entertain any action, suit or proceeding seeking to question the amount of the consideration or compensation.
(2b)
A transaction or series of transactions referred to in subsection 103(1) or a transfer referred to in paragraph 99(1)(ga)
or an extinguishment of the rights referred to in paragraph 128b(7)(b) shall take effect despite any request for or any decision made in respect of the review under subsections (2)
and (2a).”.
Amendment of section 106