Clause 14
Law of insolvency in other jurisdictions
of Payment and Settlement Systems (Finality and Netting) Bill
BillNot in forceProvision 14 of 22
Clause 14
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.