THE Dewan Rakyat has passed the Cross-Border Insolvency Bill 2025, which will allow local creditors to recover debts from insolvent companies within the Asean region.
Minister in the Prime Minister’s Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said said the Bill establishes a clear, modern legal framework aligned with international best practices, particularly the UNCITRAL Model Law on Cross-Border Insolvency.
