Options to Close Down a Company 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’… 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
What is Corporate Voluntary Arrangement (CVA)? Corporate Voluntary Arrangement (CVA) is one of the corporate rescue mechanism available under the Companies Act 2016. You may find out more on the… Read More »Biztalk-Corporate Recovery Series #15 Corporate Rescue Mechanism: Corporate Voluntary Arrangement
Corporate Rescue Mechanism Under the Companies Act 2016 (CA2016), various corporate rescue mechanisms such as scheme of arrangement, corporate voluntary arrangement and judicial management has been introduced. You may read… Read More »Biztalk-Corporate Recovery Series #14 Corporate Rescue Mechanism: Judicial Management
LAD calculation Are you aware that LAD payment for late delivery is calculated from the date of the Booking Fee paid? Thus a higher amount is to be accounted for… Read More »Court: LAD Payment for Late Delivery of Houses Must be Calculated from Date Booking Fee is Paid
Santion from Liquidator Required When a company is placed in liquidation or in winding-up status, any legal action to be taken shall require sanction from the Liquidator or the Official… 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