Cross-Border Insolvency Act, 2000 (Act No. 42 of 2000)Chapter 3 : Recognition of Foreign Proceedings and Relief23. Actions to avoid acts detrimental to creditors |
| (1) | Upon recognition of foreign proceedings, the foreign representative has standing to initiate any legal action to set aside a disposition that is available to a trustee or liquidator under the laws of the Republic relating to insolvency. |
| (2) | When the foreign proceedings are foreign non-main proceedings, the court must be satisfied that the legal action relates to assets that, under the law of the Republic, should be administered in the foreign non-main proceedings. |