Payment and Settlement Systems (Finality and Netting) Act · s 14

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s 14Law of insolvency in other jurisdictions

Notwithstanding any written law or rule of law, a court shall not recognise or give effect to —

Payment and Settlement Systems

(Finality and Netting)

(a)

an order of a court exercising jurisdiction under the law of insolvency in a place outside Brunei Darussalam; or

(b)

an act of a person appointed in a place outside Brunei

Darussalam to perform a function under the law of insolvency there, in so far as the making of the order or doing of the act would be prohibited under this Act for a court in Brunei Darussalam or a relevant office holder.