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Malaysia Insolvency Conference 2021: Flattening the Insolvency Curve Through Restructuring and Rescue Reliefs

July 2, 2021
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Malaysia Insolvency Conference 2021: Flattening the Insolvency Curve Through Restructuring and Rescue Reliefs

As the many mutations of the COVID-19 virus relentlessly wreak havoc on lives and livelihoods, businesses too are grappling with tremendous continuity and solvency challenges.

In such dire circumstances, restructuring and rescue measures can be a lifeline for struggling businesses. As such, Malaysia is striving to enhance its existing provisions on restructuring through the scheme of arrangement and the corporate rescue mechanisms to protect businesses while balancing the rights and responsibilities of debtors and creditors.

The Companies Commission of Malaysia’s Consultative Document on the Proposed Companies (Amendment) Bill 2020 proposes the introduction of salient measures to improve the effectiveness, resilience and transparency of the insolvency framework, within the ever-changing COVID-19 landscape.

The virtual Malaysia Insolvency Conference 2021 from 13 to 14 July jointly organised by the Malaysian Institute of Accountants (MIA), the Malaysian Institute of Certified Public Accountants (MICPA) and Insolvency Practitioners Association of Malaysia (iPAM) will discuss the proposed changes to insolvency laws and the impacts on businesses and the economy in the local scenario. There will also be in-depth discussions on court mechanisms, latest cases and out-of-court solutions. Finally, we will compare the reforms undertaken by Singapore to protect their companies to Malaysia’s proposed amendments to our laws, in order to find the most feasible restructuring and rescue solutions.

The following are the highlights of the Conference, which is specially designed to upskill insolvency practitioners and other professionals working in the sector:

Updates on Proposed Regulatory Changes – Companies Act 2016

Regulators from the Companies Commission and industry experts will discuss the proposed changes to company law per the Companies Commission of Malaysia’s Consultative Document on the Proposed Companies (Amendment) Bill 2020 and the ramifications on the current insolvency regime. The panel will also advise businesses on how they can adapt to face challenges in the interim and warn of the potential weaknesses or loopholes that could potentially be exploited or abused.

A Look at the Corporate Debt Restructuring Committee

Takes an in-depth look at the structure, workings and purpose of the non-legislative restructuring platform of the Corporate Debt Restructuring Committee (CDRC) and how it can support businesses.

Lessons from recent landmark cases

This session will look at recent grounds of judgement issued in landmark cases and what this means for future similar cases, which will give participants insights into managing emerging risks and compliance strategy.

Lessons from Singapore’s reform experience

Examines Singapore’s reform experience and the challenges Malaysia could conceivably expect upon emulating our neighbour. Expert panellists will also assess alternative reform strategies that could be more feasible for Malaysia’s restructuring and rescue landscape.

For more information, please click HERE.

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