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← Labuan Offshores Trusts Act 1996

Labuan Offshores Trusts Act 1996 s 10

Labuan Offshores Trusts Act 1996 s 10

s 10 Unenforceability of foreign claim or judgement

(1) Where an offshore trust is validly created in accordance with 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 trust property pursuant to the law of another jurisdiction or the order of a court of another jurisdiction in respect of— (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 court with regard to matters referred to in paragraph (a) or (b) in reference to the personal laws of the settlor or the beneficiaries; or (d) the claims of creditors in an insolvency subject to the provisions of section 11. (2) For the avoidance of doubt, it is hereby declared that in the event of any inconsistency between the proper law of a trust and the personal laws of the settlor or the beneficiaries, the former shall prevail.

Read this section in the full act → · Open Part II →

Find Act 554 on lom.agc.gov.my ↗

Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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