Insolvency Act · s 2

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s 2Act binds Government

(1)

Subject to subsection (2), this Act binds the Government so far as affecting or relating to the following matters —

(a)

remedies against, or against the property of, the companies;

(b)

priorities of debts;

(c)

transactions at an undervalue or preferences;

(d)

voluntary arrangements approved.

(2)

For the avoidance of doubt, this Act shall be read subject to

Article 84C of the Constitution of Brunei Darussalam, and nothing in this

Act shall be construed as conferring on any court any jurisdiction or power to entertain any proceedings referred to in Article 84C of the Constitution of

Brunei Darussalam.

Insolvency 20