This article first appeared in Forum, The Edge Malaysia Weekly, on July 19, 2021 – July 25, 2021.
The aftermath of the pandemic and continuing shock to the economy has caused the balance sheets of businesses and corporations to be severely impaired. The negative effects are expected to continue until there is a clear end to the pandemic. Consequently, businesses are becoming insolvent and mere debt service moratoriums are unlikely to be sufficient, more so for small and medium enterprises (SMEs) that did not have large capital buffers as they entered the crisis. Restructuring and debt resolution offer a viable solution. However, an important challenge is how to achieve fairness in debt resolutions. The first step to achieving fairness is…
Read the full article at: https://www.theedgemarkets.com/article/my-say-revitalisation-corporate-sector-urgent-how-can-it-be-done-fairly-and-quickly