The Ministry of Finance (MoF) is welcoming recommendations from various stakeholders and the insolvency industry to strengthen the insolvency regime.
This was announced on Tuesday by Hajah Rena Azlina binti Dato Paduka Haji Abdul Aziz, the Acting Director at the Registry of Companies and Business Names (ROCBN), during her opening remarks at a talk on corporate insolvency at the Ministry of Finance. She spoke on the Insolvency Order 2016, stating, The objective of this Order is to give greater emphasis on reviewing and rehabilitating companies that are facing temporary shortfall and operational difficulties.
Among the new features of the Order, she said, are the provisions on company voluntary arrangements that allow a com…
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