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Section 358: Public policy and internationally mandatory rules

Insolvency Act · PART V: NETTING ARRANGEMENTS IN FINANCIAL CONTRACTS

consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

358. Public policy and internationally mandatory rules (1) The application of the law determined under this Part may be refused only if the effects of its application would be manifestly contrary to the public policy of the forum. (2) This Part does not prevent the application of those provisions of the law of the forum which, irrespective of rules of conflict of laws, must be applied even to international situations. (3) This section does not permit the application of provisions of the law of the forum imposing requirements with respect to perfection or relating to priorities between competing interests, unless the law of the forum is the applicable law under this Part.

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