5th Jan 2021
JUDICIAL MANAGEMENT – A Corporate Rescue Tool
As we start a new year, Covid-19 cases continue to climb in Malaysia and break record after record most days.
Being left with little choice, the Malaysian Government has re-imposed the Movement Control Order (“MCO”) with a number of sectors not being allowed to operate. Inevitably, the MCO will likely send the economy into reverse shortly after it has emerged from recession and it now certainly piles more pressure on struggling companies.
As a matter of necessity in these challenging times, we can expect to see more companies avail themselves of the corporate restructuring instruments such as Judicial Management, Corporate Voluntary Arrangement