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.

戦略的提携・拠点開設のお知らせ クアラルンプール 1 アジアでのさらなる体制強化のため、2023 年 1 月より WM Leong & Co と当事務所のシンガポール拠点である Nishimura & Asahi (Singapore) LLP が、マレーシア業務に関して戦略的提携を行っております。 WM Leong & Co は、マレーシア法において豊富な知識・経験を有するワンメイ・リョン マレーシア弁護士が代表を 務めるマレーシアの独立した法律事務所です。WM Leong & Co との戦略的提携の下で、マレーシアが関わるクロ スボーダー案件について豊富な経験を有する眞榮城大介弁護士および当事務所シンガポール事務所所属の弁 護士が中心となり WM Leong & Co と緊密に連携しながらクライアントのマレーシア事業の拡大および現地ビジネ スのサポートを行ってまいります。2 札幌 2023 年 4 月に札幌事務所を開設しております。道内企業での執務経験を有し、コーポレート・M&A・エネルギーの 分野ならびに海外案件支援に強みを持つ坪野未来弁護士が所属しており、身近なところでご相談をいただきなが ら、きめの細かいアドバイスを提供いたします。

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).

In the recent case of MDSA Resources Sdn Bhd v Adrian Sia Koon Leng [2023] 3 CLJ 191 the Court of Appeal upheld the High Court decision in, among others, dismissing the Appellant’s application for sanction of a scheme of arrangement made pursuant to section 366(4) of the Companies Act 2016 (“CA 2016”).

Background Facts

The High Court has recently granted Sapura Energy Bhd and its 22 subsidiaries (“Sapura Entities”) a fresh order to hold court-convened meetings with creditors within a period of three months. A restraining order was also granted for the same period. By now, the Sapura Entities would have been granted 3 restraining orders which stretches out to a total period of 15 months.

Among the measures announced by the Prime Minister and Minister of Finance of Malaysia, Dato’ Seri Anwar Ibrahim, during his 2023 Malaysia Budget Speech on 24 February 2023 was a proposal to amend the Insolvency Act 1967 (‘the Act’) to enable bankrupts to be automatically discharged quickly.

The Finance Minister added that pending the amendment of the Act, “minor cases” involving debts of less than RM50,000 that fulfil the criteria will be immediately discharged beginning 1 March 2023.