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Webinar on Insolvency & Restructuring: UNDERSTANDING THE CORPORATE RESCUE MECHANISMS
The new Companies Act 2016 (CA2016) has among other things introduced a fresh effort at corporate rescue and rehabilitation. Companies facing financial difficulties have been given certain options under the CA2016 to address issues of financial distress by applying to the Court to sanction certain rescue and rehabilitation attempts. This webinar will look at the 3 options that a company could pursue namely:

i. A scheme of arrangement retained from the previous Section 176 CA1965 and now administered under Sections 365 – 371 CA2016

ii. Two new mechanisms called the Corporate Voluntary Arrangement (CVA), under Sections 394 – 402 CA2016 as well as Rules 3 - 7 CCRMR 2018

iii. Judicial Management (JM) under Sections 403 – 430 CA2016 and Rules 8 - 37 CCRMR 2018; both of which came into effect on 1 March 2018

Jun 17, 2021 03:00 PM in Kuala Lumpur

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