Rehabilitating ailing Malaysia companies using the new corporate rescue mechanism / Norziana Lokman, Julizaerma Mohamed Khudzairi and Sarina Othman

Lokman, Norziana and Mohamed Khudzairi, Julizaerma and Othman, Sarina (2020) Rehabilitating ailing Malaysia companies using the new corporate rescue mechanism / Norziana Lokman, Julizaerma Mohamed Khudzairi and Sarina Othman. Journal of Administrative Science, 17 (1). pp. 96-104. ISSN 1675-1302

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Abstract

This paper focuses on the Malaysia Corporate Rescue Mechanism 2016, which is a relatively new rescue mechanism to the Malaysian corporate environment. The Companies Commission of Malaysia introduces the mechanism as part of the insolvency framework to help small companies facing financial difficulties to be rehabilitated. There are two options available for owners of small companies to rescue their companies’ businesses. The first option is corporate voluntary arrangement (CVA), and the second option is judicial management (JM). This paper has two main objectives: (i) to outline the characteristics of CVA and JM; and (ii) to identify and analyse the weaknesses of the revised corporate rescue schemes. This paper is a perspective, opinion and commentary article on the recent implementation of corporate rescue mechanism.

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Item Type: Article
Creators:
Creators
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Lokman, Norziana
UNSPECIFIED
Mohamed Khudzairi, Julizaerma
UNSPECIFIED
Othman, Sarina
UNSPECIFIED
Subjects: H Social Sciences > HD Industries. Land use. Labor > Management. Industrial Management
H Social Sciences > HD Industries. Land use. Labor > Management. Industrial Management > Planning. Business planning. Strategic planning
Divisions: Universiti Teknologi MARA, Shah Alam > Faculty of Administrative Science and Policy Studies
Journal or Publication Title: Journal of Administrative Science
UiTM Journal Collections: UiTM Journal > Journal of Administrative Science (JAS)
ISSN: 1675-1302
Volume: 17
Number: 1
Page Range: pp. 96-104
Official URL: http://jas.uitm.edu.my/
Item ID: 47364
Uncontrolled Keywords: corporate rescue mechanism, corporate voluntary arrangement, judicial management
URI: https://ir.uitm.edu.my/id/eprint/47364

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47364

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