Indonesia Authors: Jeanne E. Donauw and Hans Adiputra Kurniawan 1. KPPU Regulation No. 3 of 2023 and Government Regulation No. 20 of 2023: New Merger Filing Regulation and Fees The Indonesian Business Competition Supervisory Commission – Komisi Pengawas Persaingan Usaha (“KPPU”) issued KPPU Regulation No. 3 of 2023 (“Reg 3 of 2023”) as a new merger filing regulation, replacing, and revoking the previous regulation on the same matter, namely KPPU Regulation No. 3 of 2019 (“Reg 3 of 2019”).

In the recent decision in N.Chanthiran a/l Nagappan v Kao Che Jen [2023] 5 MLRA 247, the Federal Court had the occasion to put to rest, the question of whether leave of court is required for the commencement of proceedings against a court appointed liquidator. In this regard, the Federal Court clarified that leave of court is indeed required.

Brief Facts

インドネシア 執筆者: ジェン・エリザベス・ドノウ、ハンス・アディプトラ・クルニアワン 1. 2023 年 KPPU 規則第 3 号及び 2023 年政令第 20 号：新しい企業結合届出規 則及び手数料 インドネシア企業競争監視委員会(Komisi Pengawas Persaingan Usaha)(以下「KPPU｣という。)は、新しい企業 結合届出規則である 2023 年 KPPU 規則第 3 号(以下「2023 年規則第 3 号｣という。)を公布した。2023 年規則 第 3 号は、従前の企業結合届出規則である 2019 年 KPPU 規則第 3 号(以下「2019 年規則第 3 号｣という。)を廃 止し、これに取って代わるものである。以下に、2023 年規則第 3 号の主な要点を簡単に述べる。 (i) 企業結合届出要件：F2F(Foreign to Foreign)取引における地域関連基準 2023 年規則第 3 号によると、全ての取引当事者がインドネシアにおいて資産又は売上げを有する場合にの み、企業結合届出の義務が生じる。これは、取引当事者の 1 者でもインドネシアに資産又は売上げを有する 場合には企業結合届出義務が生じていた 2019年規則第3号に基づく制度と比べて注目すべき変更である。

Prequel

In recent years, the Malaysian government has taken various initiatives to revamp insolvency laws with the goal of assisting the public to cope with financial difficulties arising from the Covid-19 pandemic.

With the amendment to the Insolvency Act in 2020, the bankruptcy threshold in Malaysia is currently set at RM100,000, which was raised from the original RM50,000. This was the second increase of the bankruptcy threshold within the span of a few years, with the previous increase from RM30,000 to RM50,000 in 2017.

1. はじめに

マレーシアにおける債権回収を検討するに際しては、企業倒産手続の基本的理解が重要となります。マレーシアの倒産法は、旧宗主国である英国の法律に由来していますが、近年では英国がより債務者フレンドリーな倒産法制度を取り入れるなど 、マレーシアと英国の倒産法制度の差異も顕著となってきています。本稿では、マレーシアにおける企業倒産手続を概説しつつ、債 権回収上の留意点について考察します。

2. マレーシアにおける企業倒産手続について

マレーシアの企業倒産手続には、主に①清算手続(Liquidation 又は Winding up)、②会社任意整理(Corporate Voluntary Arrangement)、③スキームオブアレンジメント(Scheme of Arrangement)、④更生管財手続(Judicial Management)及び⑤財産管理手続(Receivership)があります。

Amendments to the Malaysian Insolvency Act 1967 were passed by the Dewan Rakyat on 24 May 2023. 

A few key points arising from the amendments are:

1. Sub-section 33B (2A) was amended to include 2 new categories where bankrupt individuals may be able to qualify for a discharge from bankruptcy and the creditor(s) may not object:

In the recent case of Genisys Integrated Engineers Pte Ltd v UEM Genisys Sdn Bhd & Ors [2023] 3 MLJ 627, the Federal Court had the occasion to consider whether the Limitation Act 1953 applies to a proof of debt. The Federal Court held that the Limitation Act 1953 does not apply to a proof of debt which is accepted and not formally rejected by a liquidator.

Background Facts

The Insolvency (Amendment) Bill 2023 (“Bill”) was passed by the Dewan Rakyat on 24 May 2023. It will next be tabled before the Dewan Negara. Once passed, the Bill will be cited as the Insolvency (Amendment) Act 2023 (“Amendment Act”) and will come into operation on a date to be appointed by the Minister in the Prime Minister's Department (Law and Institutional Reform) (“Minister”) by notification in the Gazette.

Indonesia Authors: Miriam Andreta and Hans Adiputra Kurniawan 1. Bankruptcy and Liquidation: Updates Brought by PPSK Law With respect to bankruptcy and liquidation of certain parties (public listed companies, banks, non-bank financial institutions), there are certain updates and clarifications set out in Law on Development and Improvement of Financial Sector (also known by its local abbreviation “PPSK Law”) - which came into effect on 12 January 2023 (except for certain provisions that are explicitly intended to take effect otherwise).