Personal Insolvency and Bankruptcy Laws in Malaysia (eBook)

This book contains an analysis of the latest provisions in Personal Insolvency Law which came into effect in October and November 2017. Major changes include the introduction of Voluntary Arrangements, the increase in the threshold for bankruptcy proceedings, the replacement of Receiving Orders and Adjudication Orders, a new help mechanism, and widespread changes in terminology.
Designed for easy reference, the book contains the full text of both the old Bankruptcy Act 1967 and the new Insolvency Act 1967 set out side-by-side, with practical introductory commentary summarising the changes before each Part.
Related subsidiary legislation is also reproduced including:
• the Insolvency Rules 2017 (amended);
• the Insolvency (Cost) Rules 1969 (revised)
• the Insolvency (Fees) Rules 1969 (revised); and
• the Insolvency (Voluntary Arrangement) Rules 2017.
These amendments will have far-reaching consequences for the practice of bankruptcy law, touching on issues of importance for lawyers, judicial officers, academics, inhouse counsel, company directors and members of the public.