KUALA LUMPUR (Nov 4): Malaysia will examine corporate rescue and business rehabilitation mechanisms, drawing lessons from the US’ Chapter 11 framework, as the next frontier of its insolvency reform agenda, said Datuk Seri Azalina Othman Said.
The minister in the Prime Minister’s Department (law and institutional reform) said premature liquidation often destroys jobs, disrupts supply chains and eliminates economic value that could otherwise be salvaged through debt restructuring.
“A company that cannot pay its debts today is not necessarily a company without an economic future.
“Some businesses experiencing financial distress may still possess valuable products, experienced employees, established customers and productive…