Singapore legislation
Clause 14
of Payment and Settlement Systems (Finality and Netting) Bill
Clause 14
Law of insolvency in other jurisdictions
Notwithstanding any written law or rule of law, a court shall not recognise or give effect to —
(a)
an order of a court exercising jurisdiction under the law of insolvency in a place outside Singapore; or
(b)
an act of a person appointed in a place outside Singapore 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 Singapore or a relevant office holder.