Securities and Futures Act 2001 · 2020 Revised Edition · Part 3 · Clearing Facilities
81L. Law of insolvency in other jurisdictions
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Despite any other written law or rule of law, a court is not to recognise or give effect to —
an order of a court exercising jurisdiction under the law of insolvency in any place outside Singapore; or
an act of a person appointed in any place outside Singapore to perform a function under the law of insolvency in that place,insofar as the making of the order by a court in Singapore, or the doing of the act by a relevant office holder, would be prohibited under this Act.
In this section, “law of insolvency”, in relation to a place outside Singapore, means any law of that place which is similar to, or serves the same purposes as, any part of the law of insolvency in Singapore.