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Government to review laws on bankruptcy

KUALA LUMPUR: The government will review laws on bankruptcy so that they do not create a stigma and prevent individuals who have been declared bankrupt from working and doing business to pay off their debts. Minister in the Prime Minister’s Department (Parliament and Law) Datuk Seri Dr Wan Junaidi Tuanku Jaafar said he was in talks […]

Public welcome amendment

INSOLVENCY ACT 1967 MIRI: Most members of the public here welcome the decision by the federal government to table an amendment to the Insolvency Act 1967 in the current Dewan Rakyat meeting. Minister in the Prime Minister’s Department (Parliament and Law) Datuk Takiyuddin Hassan revealed the federal government’s plan during Oral Question Time in Dewan […]

Thai cabinet approves Thai Airways’ restructuring under bankruptcy law

BANGKOK: Thailand’s cabinet today approved a plan for Thai Airways International PCL to restructure under the bankruptcy law. The restructuring plan will be implemented through the Central Bankruptcy Court, replacing a proposal of a government-guaranteed loan to rescue Thai Airways, which is 51 per cent-owned by the Thai Government through the Ministry of Finance. Prime […]