Legislation Update – Bankruptcy (Amendment) Bill 2016 passed by Dewan Rakyat

 

The Bankruptcy (Amendment) Bill 2016 was passed by the lower house of Parliament in March 2017. The next step will be for it to be passed by the Dewan Negara before it receives Royal Assent.

Some key changes sought to be brought about by the Bill are set out briefly in our previous article Upcoming Overhaul of Malaysia’s Bankruptcy Law – http://www.cclc.com.my/legallink/upcoming-overhaul-malaysias-bankruptcy-law/