Insight - Of white knights and super priorities

Medical providers nationwide are working against the clock to curb Covid-19. -Art Chen/The Star.

THE global economic tumult due to Covid-19 has brought into sharp focus the need for a more robust corporate restructuring and rescue framework to tackle financial distress threatening companies.

The Consultative Document on the proposed Companies (Amendment) Bill 2020 issued by the Companies Commission of Malaysia (CCM) in August proposes major reforms to Malaysia’s corporate rescue regime, and is a timely and welcomed development.