Malaysia's laws on bankruptcy are set out in the Companies Act 1965, Bankruptcy Act 1967 and in their respective rules and in various amendments.
The Companies Act 1965 contains the provisions for insolvency, rehabilitation, appointment of receivers, and winding-up procedures for companies. Specific laws governing industries may also have provisions governing insolvency of a company (e.g., Banking and Financial Institutions Act 1989 for banks). The Bankruptcy Act 1967 covers bankruptcy laws for individuals.
Insolvency law regime reports on Malaysia published by Insolvency Asia are linked below.
The World Bank's Doing Business Survey assesses data on business closures. Results for Malaysia can be found at the link below.
The Asia-Pacific Restructuring and Insolvency Guide 2006 provides a guide to explain the restructuring and insolvency frameworks of Asia-Pacific countries. The link for Malaysia is provided below. |