There are various options available to close down a company. As shown below, a company can be closed down via court winding-up, via members’ voluntary liquidation, via creditors’ voluntary liquidation… Read More »Options available for Closing of Company: Strike Off
China Evergrande Group (“Evergrande”) has appeared in the headlines of world financial news lately. The China property giant is on the brink of collapse. A case of rapid growth and… Read More »China Evergrande Group on the brink of collapse?
DUBAI, Aug 26 (Reuters) – Holders of around $70 million in troubled bonds issued on behalf of state-owned Air Seychelles have filed a petition to wind up the African airline,… Read More »Creditors file winding up petition for Air Seychelles
JAKARTA, Aug 14 (Bloomberg): Flag carrier PT Garuda Indonesia has shrunk its management to reduce costs as the airline restructures its way out of a pandemic-driven financial crunch. Garuda now… Read More »Indonesia’s Garuda removes directors to save costs amid debt restructuring
The Minister of Domestic Trade and Consumer Affairs, Datuk Seri Alexander Nanta Linggi had via Gazette No. 4159/2021 increased the amount of indebtedness under Section 46(1)(a) of the Companies Act… Read More »Indebtedness Threshold be raised to RM50,000
Corporate Voluntary Arrangement (CVA) is one of the corporate rescue mechanism available under the Companies Act 2016. You may find out more on the various type of corporate rescue mechanism… Read More »Biztalk-Corporate Recovery Series #15 Corporate Rescue Mechanism: Corporate Voluntary Arrangement
Due to the unexpected Covid-19 pandemic and the various type of Movement Control Order implemented to curb the spread of Covid-19, more and more companies are facing with financial difficulties.… Read More »Biztalk-Corporate Recovery Series #14 Corporate Rescue Mechanism: Judicial Management
When a company is placed in a liquidation/winding-up status, any legal action to be taken shall require sanction from the Liquidator or the Official Receiver as the case may be.… Read More »Biztalk-Corporate Recovery Series #13 Can a sanction by the Liquidator be applied retrospectively?
PUTRAJAYA (Jan 20): The Court of Appeal has ruled that a listed company that has been served with a winding-up order must be delisted, based on Bursa Malaysia’s listing rules.… Read More »The Edge: Companies must be delisted once winding-up order served
Biztalk-Corporate Recovery Series #12 Is your company overwhelmed by debts? Do you know what options are available to rescue your company?
If you are a Director of a Company, and you are aware that your Company financial position is deteriorating, you should seek advice as soon as possible from qualified professionals.… Read More »Biztalk-Corporate Recovery Series #12 Is your company overwhelmed by debts? Do you know what options are available to rescue your company?