Section 14
Law of insolvency in other jurisdictions
of Payment and Settlement Systems (Finality and Netting) Act 2002
ActIn forceProvision 15 of 30
Section 14
Despite any written law or rule of law, a court is not to 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,insofar 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.