Malaysia legislation
Section 29A
Section 29A
The appointment of a Special Administrator under section 23 or 24 shall not—
(a)
be regarded as placing the Special Administrator, the affected person or any other person in breach of or in default under any contract, or in breach of confidence;
(b)
be regarded as giving rise to a right for any person to—
(i)
terminate, cancel or modify an agreement;
(ii)
enforce or accelerate the performance of an obligation; or
(iii)
require the performance of an obligation not otherwise arising for performance;
(c)
be regarded as placing the Special Administrator, the affected person or any other person in breach of any law or agreement prohibiting, restricting or regulating the assignment, sale, disposition or transfer of any asset or disclosure of information;
(d)
release a surety from an obligation;
(e)
invalidate or discharge a contract or security;
(f)
be regarded as terminating, cancelling or varying any right, privilege, exemption (including any tax exemption)
or priorities in relation to an asset.
(g)
be regarded as placing the Corporation, the Oversight
Committee or the Special Administrator in breach of any law or any order of any court.
General powers of Special Administrator