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WeMakePrice faces liquidation as court ends rehabilitation proceedings

By Chae Yun-hwan SEOUL, Sept. 9 (Yonhap) — E-commerce platform operator WeMakePrice was poised to face liquidation as a Seoul court decided to terminate the company’s rehabilitation proceedings. Last September, WeMakePrice, along with its then sister company TMON, entered court-led rehabilitation proceedings after they struggled to make payments to vendors due to liquidity issues. The…

Dewan Negara approves cross-border insolvency bill to strengthen international legal cooperation | Malaysia

THE Dewan Negara today passed the Cross-Border Insolvency (CBI) Bill 2025, marking a significant step towards enhancing legal cooperation between Malaysia and other jurisdictions in handling corporate insolvency matters that cross international borders. The newly adopted legislation incorporates provisions from the 1997 United Nations Commission on International Trade Law (UNCITRAL) Model Law on Cross-Border Insolvency,…