Reforming the Corporate Insolvency Regime
By CLRC Secretariat
Background
In our first article “An insight to Corporate Law Reform in Malaysia”, we mentioned that the Corporate Law Reform Committee, (CLRC) established by the Companies Commission of Malaysia (CCM) for the purpose of reviewing the Companies Act 1965 (Act), has divided its review work into four separate Working Groups. Working Group D is reviewing the current law and practice relevant to corporate securities and insolvency.
In conducting its review of this core area of company law, Working Group D is guided by the objectives that its review and recommendations, if any, must amongst other things, reduce the cost of compliance, increase efficiency and protect the interests of stakeholders. These objectives are in tandem with the overall objectives of the CLRC as set out in its consultative document titled ‘Strategic Framework for Corporate Law Reform Programme’.
Download version “Reforming the Corporate Insolvency Regime” (.pdf)