8Certain acts not to be recognised etc.

#### 8 Certain acts not to be recognised etc. Where an act of a foreign state, or an entity of a foreign state: (a) purports to affect a foreign corporation or its assets or dealings; and (b) the act is based on, or derives from, the assertion of sovereignty or other authority over the place in which the foreign corporation was incorporated; the act is not to be recognised, or in any way given effect to, under Australian law unless it is recognised, and would be given effect to, under the law applied by the people in the place in which the foreign corporation was incorporated.