This talk discusses key amendments to the restructuring and insolvency provisions introduced by the Companies (Amendment) Bill 2023 when it becomes law, and offers insights on how these changes will impact businesses, regulations, and the law.
Janice Ooi is a dispute resolution partner in Skrine’s restructuring and insolvency practice group, and her portfolio includes insolvency and restructuring, corporate and commercial disputes, company law, and shareholders’ disputes. She is also a board member of the Malaysia Network of the International Women’s Insolvency & Restructuring Confederation (“IWIRC”). She has acted as lead counsel in various contested winding up proceedings. In 2022, she acted as junior counsel representing an aircraft leasing company in the first airline debt restructuring scheme in Malaysia under section 366 of the Companies Act 2016. The said matter involved issues relating to the Convention on International Interests in Mobile Equipment (Cape Town Convention), an international treaty intended to standardise transactions involving movable property. More recently, she also acted for a secured creditor and opposed a judicial management application filed by a public listed company in Malaysia. It was the first reported case in Malaysia where the Court had to consider whether a public listed company was precluded from applying for a judicial management order under section 403(b) of the Companies Act 2016.
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