Legal Logic Asia is holding its Bankruptcy Law Seminar: Impact and Compliance of the New Insolvency Act 1967 & Insolvency Rules 2017. This is on 19 December 2017 at Concorde Hotel. This will be a comprehensive one-day seminar covering all of the major changes now rolled out under the renamed Insolvency Act 1967.
Judging from the questions I have seen posted on this website, as well as uncertainties in practice, I recommend you to consider attending this seminar. Here is the brochure for the Bankruptcy Law Seminar: Impact and Compliance of the New Insolvency Act 1967 & Insolvency Rules 2017. Continue reading
As I have updated in my earlier article, the amendments to the Bankruptcy Act have now all come into force on 6 October 2017. We should now all be referring to it as the Insolvency Act 1967, instead of the old Bankruptcy Act 1967.
As a reminder, the new term Insolvency Act 1967 still merely refers to individual insolvency or individual bankruptcy. It does not involve corporate insolvency. Further, even under the Insolvency Act 1967, it continues to refer to the act of bankruptcy and the bankruptcy order.
Going hand in hand with the renamed Insolvency Act 1967, there are now a host of new rules that come along with the Act. Continue reading
On 29 March 2017, it has been reported (see Bernama and the New Straits Times) that the Bankruptcy (Amendment) Bill 2016 has been passed by the Dewan Rakyat, being the lower house of Parliament of Malaysia. The changes to the law will not be in force just yet. The Bill will now be sent to the Dewan Negara and then subsequently receive Royal Assent. The coming into force of the new law will then be on a gazetted date.