{"id":9590,"date":"2021-06-10T13:51:34","date_gmt":"2021-06-10T05:51:34","guid":{"rendered":"https:\/\/alexchanglaw.com\/?p=9590"},"modified":"2021-06-28T19:47:47","modified_gmt":"2021-06-28T11:47:47","slug":"companies-act-2016-debt-recovery-chinese","status":"publish","type":"post","link":"https:\/\/alexchanglaw.com\/index.php\/companies-act-2016-debt-recovery-chinese\/","title":{"rendered":"The New Companies Act 2016 Judicial Manager Corporate Voluntary Arrangement Debt Recovery"},"content":{"rendered":"\n

\u300a<\/strong> 2016<\/strong>\u5e74\u65b0\u516c\u53f8\u6cd5\u300b\u53f8\u6cd5\u7ecf\u7406\u516c\u53f8\u81ea\u613f\u91cd\u6574\u5b89\u6392\u503a\u52a1\u8ffd\u6536<\/strong><\/strong><\/p>\n\n\n\n

The New Companies Act 2016<\/p>\n\n\n\n

2016\u5e74\u65b0\u516c\u53f8\u6cd5<\/p>\n\n\n\n

How will the  Judicial Manager and  Corporate Voluntary Arrangement affect
the Recovery of  your  Million Dollars Debts as an Unsecured Creditors<\/p>\n\n\n\n

\u53f8\u6cd5\u7ecf\u7406\u548c\u516c\u53f8\u81ea\u613f\u91cd\u6574\u5b89\u6392\u5c06\u5982\u4f55\u5f71\u54cd\u60a8\u8eab\u4e3a\u65e0\u62c5\u4fdd\u503a\u6743\u4eba\u7684\u767e\u4e07\u5143\u503a\u52a1\u6536\u590d<\/p>\n\n\n\n

Seminar Programme Outline<\/p>\n\n\n\n

\u7814\u8ba8\u4f1a\u65b9\u6848\u5927\u7eb2<\/p>\n\n\n\n


1    Corporate Insolvency &  Recovery as an Unsecured Creditors  under  the Companies Act  2016 regime<\/p>\n\n\n\n

1\u6839\u636e\u300a 2016\u5e74\u516c\u53f8\u6cd5\u300b\u4e0b\u516c\u53f8\u7834\u4ea7\u548c\u8eab\u4e3a\u65e0\u62c5\u4fdd\u503a\u6743\u4eba\u7684\u503a\u52a1\u6536\u590d\u7684\u5236\u5ea6<\/p>\n\n\n\n

1.1     The  New Solvency Test<\/p>\n\n\n\n

1.1\u65b0\u7684\u507f\u8fd8\u80fd\u529b\u6d4b\u8bd5<\/p>\n\n\n\n

1.2     Judicial Management<\/p>\n\n\n\n

1.2\u53f8\u6cd5\u7ba1\u7406<\/p>\n\n\n\n

1.3     Corporate Voluntary Arrangement<\/p>\n\n\n\n

1.3\u516c\u53f8\u81ea\u613f\u91cd\u6574\u5b89\u6392<\/p>\n\n\n\n

1.4     Coming into force of  the New Companies Act 2016<\/p>\n\n\n\n

1.4\u65b0\u300a 2016\u5e74\u516c\u53f8\u6cd5\u300b\u751f\u6548<\/p>\n\n\n\n

BEFORE THE NEW ACT COMING INTO FORCE<\/p>\n\n\n\n

\u65b0\u6cd5\u6848\u751f\u6548\u4e4b\u524d<\/p>\n\n\n\n

2     Options available  to the  Unsecured Creditors<\/p>\n\n\n\n

2\u65e0\u62b5\u62bc\u503a\u6743\u4eba\u7684\u53ef\u7528\u9009\u9879<\/p>\n\n\n\n

2.1     I was told if we start a Companies Winding Up petition as   an Unsecured Creditors, the bankers will get paid first?<\/p>\n\n\n\n

2.1\u6211\u88ab\u544a\u77e5\uff0c\u5982\u679c\u6211\u4eec\u4ee5\u65e0\u62b5\u62bc\u503a\u6743\u4eba\u7684\u8eab\u4efd\u5f00\u59cb\u516c\u53f8\u6e05\u76d8\u5448\u8bf7\uff0c\u94f6\u884c\u5bb6\u4f1a\u5148\u88ab\u652f\u4ed8\u5417\uff1f<\/p>\n\n\n\n

2.2     Will show you  how to get paid ahead of the Bankers.<\/p>\n\n\n\n

2.2\u5c06\u5411\u60a8\u5c55\u793a\u5982\u4f55\u5728\u94f6\u884c\u5bb6\u4e4b\u524d\u83b7\u5f97\u4ed8\u6b3e\u3002<\/p>\n\n\n\n

3     Since the new Act is not in force yet what must the  Unsecured Creditors do  now?<\/p>\n\n\n\n

3\u7531\u4e8e\u65b0\u6cd5\u6848\u5c1a\u672a\u751f\u6548\uff0c\u65e0\u62b5\u62bc\u503a\u6743\u4eba\u73b0\u5728\u9700\u505a\u4ec0\u4e48\uff1f<\/p>\n\n\n\n

3.1     Are my present winding up petitions affected?<\/p>\n\n\n\n

3.1\u6211\u76ee\u524d\u7684\u6e05\u76d8\u5448\u8bf7\u4f1a\u88ab\u5f71\u54cd\u5417\uff1f<\/p>\n\n\n\n

3.2     Shall I start a Companies Winding Up Petition against my  debtors before the New Companies Act 2016 comes into force?<\/p>\n\n\n\n

3.2\u5728\u300a 2016\u5e74\u65b0\u516c\u53f8\u6cd5\u300b\u751f\u6548\u4e4b\u524d\uff0c\u6211\u662f\u5426\u5e94\u9488\u5bf9\u503a\u52a1\u4eba\u63d0\u4ea4\u516c\u53f8\u6e05\u76d8\u5448\u8bf7\uff1f<\/p>\n\n\n\n

3.3     If I commence a Companies Winding Up petition:<\/p>\n\n\n\n

3.3\u5982\u679c\u6211\u5f00\u59cb\u516c\u53f8\u6e05\u76d8\u5448\u8bf7\uff1a<\/p>\n\n\n\n

3.3.1     Do I need a Judgment?<\/p>\n\n\n\n

3.3.1\u6211\u9700\u8981\u5224\u51b3\u5417\uff1f<\/p>\n\n\n\n

3.3.2     Can I file a Companies winding up Petition by sending a statutory Notice only without getting a judgment?<\/p>\n\n\n\n

3.3.2\u6211\u80fd\u5426\u65e0\u9700\u5f97\u5230\u5224\u51b3\u4ec5\u901a\u8fc7\u9001\u8fbe\u6cd5\u5b9a\u901a\u77e5\u4e66\u6765\u63d0\u4ea4\u516c\u53f8\u6e05\u76d8\u5448\u8bf7\uff1f<\/p>\n\n\n\n

AFTER  COMING INTO FORCE<\/p>\n\n\n\n

\u751f\u6548\u540e<\/p>\n\n\n\n


4     The   Unsecured Creditors   and the New Companies Winding Up laws<\/p>\n\n\n\n

4\u65e0\u62c5\u4fdd\u503a\u6743\u4eba\u548c\u65b0\u516c\u53f8\u6e05\u76d8\u6cd5<\/p>\n\n\n\n

4.1     What is the threshold (the minimum amount of debt) to issue the  Statutory Notice<\/a> (formerly the 218 Notice)<\/p>\n\n\n\n

4.1\u53d1\u51fa\u6cd5\u5b9a\u901a\u77e5\u4e66\uff08\u524d\u79f0218\u901a\u77e5\u4e66\uff09\u7684\u95e8\u69db\uff08\u6700\u4f4e\u503a\u52a1\u989d\uff09\u662f\u591a\u5c11\uff1f<\/p>\n\n\n\n

4.2     Is the Solvency Test applicable to Companies Winding Up  proceedings?<\/p>\n\n\n\n

4.2\u507f\u8fd8\u80fd\u529b\u6d4b\u8bd5\u662f\u5426\u9002\u7528\u4e8e\u516c\u53f8\u6e05\u76d8\u7a0b\u5e8f\uff1f<\/p>\n\n\n\n

4.3     When is the commencement of Winding Up?<\/p>\n\n\n\n

4.3\u6e05\u76d8\u4f55\u65f6\u5f00\u59cb\uff1f<\/p>\n\n\n\n

4.4     If the Unsecured Creditors should present a Petition is there Any Priority with respect to Costs<\/p>\n\n\n\n

incurred?<\/p>\n\n\n\n

4.4\u5982\u679c\u65e0\u62c5\u4fdd\u503a\u6743\u4eba\u63d0\u4ea4\u5448\u8bf7\uff0c\u90a3\u4e48\u5728\u5df2\u4ea7\u751f\u7684\u8d39\u7528\u65b9\u9762\u662f\u5426\u6709\u4f18\u5148\u6743\uff1f<\/p>\n\n\n\n

4.5     What is \u201cStay\u201d and \u201cTermination\u201d of Winding Up<\/p>\n\n\n\n

4.5\u4ec0\u4e48\u662f\u201c\u6682\u505c\u201d\u548c\u201c\u7ec8\u6b62\u201d\u6e05\u76d8\u201d<\/p>\n\n\n\n

4.6     Directors in wound up companies can continue to hold office?<\/p>\n\n\n\n

4.6\u7834\u4ea7\u516c\u53f8\u7684\u8463\u4e8b\u53ef\u4ee5\u7ee7\u7eed\u4efb\u804c\u5417\uff1f<\/p>\n\n\n\n

CHAPTER 11?<\/p>\n\n\n\n

\u7b2c\u5341\u4e00\u7ae0\uff1f<\/p>\n\n\n\n


5     How does Corporate Voluntary Arrangement (CVA) work against  the  Unsecured Creditors<\/p>\n\n\n\n

5 \u516c\u53f8\u81ea\u613f\u91cd\u6574\u5b89\u6392\uff08CVA\uff09\u5982\u4f55\u5bf9\u6297\u65e0\u62b5\u62bc\u503a\u6743\u4eba<\/p>\n\n\n\n

5.1     What is a CVA\u2019s appointment of a nominee?<\/p>\n\n\n\n

5.1\u7b80\u5386\u63d0\u540d\u5019\u9009\u4eba\u662f\u4ec0\u4e48\uff1f<\/p>\n\n\n\n

5.2     Who is a qualified insolvency practitioner (section 394 of the Act)<\/p>\n\n\n\n

5.2\u8c01\u662f\u6709\u8ba4\u8bc1\u7834\u4ea7\u4ece\u4e1a\u8005\uff08\u8be5\u6cd5\u7b2c394\u6761\uff09<\/p>\n\n\n\n

5.3     What is a moratorium period and how long will it last?<\/p>\n\n\n\n

5.3\u4ec0\u4e48\u662f\u6682\u7f13\u671f\u4e14\u6709\u591a\u957f\u65f6\u95f4\uff1f<\/p>\n\n\n\n

5.4     What can the creditors do during the Moratorium period?<\/p>\n\n\n\n

5.4\u6682\u7f13\u671f\u95f4\u503a\u6743\u4eba\u53ef\u4ee5\u505a\u4ec0\u4e48\uff1f<\/p>\n\n\n\n

5.5     Are the creditors entitled to vote in favour or against the CVA?<\/p>\n\n\n\n

5.5\u503a\u6743\u4eba\u662f\u5426\u6709\u6743\u6295\u7968\u8d5e\u6210\u6216\u53cd\u5bf9CVA\uff1f<\/p>\n\n\n\n

5.6     Can ALL companies apply for CVA?<\/p>\n\n\n\n

5.6\u6240\u6709\u516c\u53f8\u90fd\u53ef\u4ee5\u7533\u8bf7CVA\u5417\uff1f<\/p>\n\n\n\n

A JUDICIAL MANAGER FOR COMPANIES IN THE RED<\/p>\n\n\n\n

\u53f8\u6cd5\u7ecf\u7406\u4e88\u4e8f\u635f\u7684\u516c\u53f8<\/p>\n\n\n\n

6     Under what circumstances can a Company apply for Judicial Management how will  the Unsecured Creditors be affected?<\/p>\n\n\n\n

6\u516c\u53f8\u5728\u4ec0\u4e48\u60c5\u51b5\u4e0b\u53ef\u4ee5\u7533\u8bf7\u53f8\u6cd5\u7ba1\u7406\uff0c\u65e0\u62c5\u4fdd\u503a\u6743\u4eba\u5c06\u53d7\u5230\u4ec0\u4e48\u5f71\u54cd\uff1f<\/p>\n\n\n\n

6.1     Is being unable to pay its debts the only consideration?<\/p>\n\n\n\n

6.1\u65e0\u529b\u507f\u8fd8\u503a\u52a1\u662f\u552f\u4e00\u7684\u8003\u91cf\u5417\uff1f<\/p>\n\n\n\n

6.2     What is preserving its business as a going concern.<\/p>\n\n\n\n

6.2\u4ec0\u4e48\u662f\u4fdd\u6301\u4e1a\u52a1\u6301\u7eed\u7ecf\u8425<\/p>\n\n\n\n

6.3     Who is an insolvency practitioner<\/p>\n\n\n\n

6.3\u8c01\u662f\u7834\u4ea7\u4ece\u4e1a\u8005<\/p>\n\n\n\n

6.4     A judicial management order granted by the Court will remain in  force for how long?<\/p>\n\n\n\n

6.4\u6cd5\u9662\u6388\u4e88\u7684\u53f8\u6cd5\u7ba1\u7406\u4ee4\u5c06\u6301\u7eed\u591a\u4e45\uff1f<\/p>\n\n\n\n

6.5     What actions cannot be taken against the Company during the  judicial management?<\/p>\n\n\n\n

6.5\u4ec0\u4e48\u884c\u52a8\u5728\u53f8\u6cd5\u7ba1\u7406\u671f\u95f4\u4e0d\u80fd\u5bf9\u516c\u53f8\u91c7\u53d6\uff1f<\/p>\n\n\n\n

6.6     Extension of the judicial management?<\/p>\n\n\n\n

6.6\u53f8\u6cd5\u7ba1\u7406\u7684\u5ef6\u4f38\uff1f<\/p>\n\n\n\n

Bonus Chapter: If time permits<\/p>\n\n\n\n

\u989d\u5916\u7ae0\u8282\uff1a\u5982\u679c\u65f6\u95f4\u5141\u8bb8<\/p>\n\n\n\n


7     Something for Nothing?  Getting out of the JVA Get out clause!<\/p>\n\n\n\n

7\u4e0d\u52b3\u800c\u83b7\uff1f\u9000\u51faJVA\u9000\u51fa\u6761\u6b3e\uff01<\/p>\n\n\n\n

7.1     Joint Venture Agreements Get Out Clause and the Recent the Federal Court 2016 Decision<\/p>\n\n\n\n

7.1\u5408\u8d44\u7ecf\u8425\u4f01\u4e1a\u534f\u8bae\u9000\u51fa\u6761\u6b3e\u548c\u8fd1\u6765\u76842016\u5e74\u8054\u90a6\u6cd5\u9662\u51b3\u5b9a<\/p>\n\n\n\n

7.2     Interpretation of word \u201cand\u201d by the Court in section 223 Companies Act 1965 (new section 472)<\/p>\n\n\n\n

7.2\u6cd5\u9662\u5728\u300a1965\u5e74\u516c\u53f8\u6cd5\u300b\u7b2c223\u6761\uff08\u65b0\u6cd5\u4ee4\u7b2c472\u6761\uff09\u4e2d\u5bf9\u201c\u548c\u201d\u4e00\u8bcd\u7684\u89e3\u91ca<\/p>\n\n\n\n

7.3     What must you do to avoid this<\/p>\n\n\n\n

7.3\u60a8\u5fc5\u987b\u600e\u4e48\u505a\u624d\u80fd\u907f\u514d\u8fd9\u79cd\u60c5\u51b5<\/p>\n\n\n\n

8      We were involved in the winding up of a company,<\/p>\n\n\n\n

8\u6211\u4eec\u53c2\u4e0e\u4e86\u4e00\u5bb6\u516c\u53f8\u7684\u6e05\u76d8\uff0c<\/p>\n\n\n\n

8.1   The company was WRP ASIA PACIFIC SDN. BHD. (hereinafter \u201cWRP\u201d) one of the largest glove producers in the world;<\/p>\n\n\n\n

8.1\u516c\u53f8\u662fWRP ASIA PACIFIC SDN. BHD. \uff08\u4ee5\u4e0b\u7b80\u79f0\u201c WRP\u201d\uff09\u662f\u4e16\u754c\u4e0a\u6700\u5927\u7684\u624b\u5957\u751f\u4ea7\u5546\u4e4b\u4e00\uff1b<\/p>\n\n\n\n

8.2   An application was made to place WRP under Judicial Management;<\/p>\n\n\n\n

8.2\u5c06WRP\u7f6e\u4e8e\u53f8\u6cd5\u7ba1\u7406\u4e4b\u4e0b\u7684\u7533\u8bf7\u5df2\u63d0\u51fa\uff1b<\/p>\n\n\n\n

8.3   One of the purposes of a Judicial Management Order is to prevent a Companies Winding Up Order;<\/p>\n\n\n\n

8.3\u53f8\u6cd5\u7ba1\u7406\u4ee4\u7684\u76ee\u7684\u4e4b\u4e00\u662f\u907f\u514d\u5f97\u5230\u516c\u53f8\u6e05\u76d8\u4ee4\uff1b<\/p>\n\n\n\n

8.4   We have successfully obtained leave (permission) from the High Court to proceed with our Companies Winding Up Petition, please click here to obtain a copy of the Grounds of Judgment<\/a> with respect to the same, and please click here for a Court of Appeal order showing that the appeal was struck out with costs<\/a> of RM5,000.00 (**for English translation of the said Court of Appeal Order, please refer to Pages 5 and 6).<\/p>\n\n\n\n

8.4\u6211\u4eec\u5df2\u6210\u529f\u83b7\u5f97\u9ad8\u7b49\u6cd5\u9662\u7684\u8bb8\u53ef\uff08\u51c6\u8bb8\uff09\u4ee5\u7ee7\u7eed\u6211\u4eec\u516c\u53f8\u6e05\u76d8\u5448\u8bf7\uff0c\u8bf7\u5355\u51fb\u6b64\u5904\u4ee5\u83b7\u53d6\u4e0e\u4e4b\u76f8\u5173\u7684\u5224\u51b3<\/a>\uff0c\u8bf7\u5355\u51fb\u6b64\u5904\u4ee5\u83b7\u53d6\u663e\u793a\u4e0a\u8bc9\u5df2\u88ab\u64a4\u9500\u9700\u652f\u4ed85,000\u4ee4\u5409\u7684\u8d39\u7528<\/a>\u7684\u4e0a\u8bc9\u5ead\u4ee4\uff08**\u8981\u83b7\u53d6\u4e0a\u8ff0\u4e0a\u8bc9\u5ead\u4ee4\u7684\u82f1\u6587\u7ffb\u8bd1\uff0c\u8bf7\u53c2\u9605\u7b2c5\u9875\u548c\u7b2c6\u9875\uff09\u3002<\/p>\n\n\n\n

Please click here<\/a> for more information on the upcoming seminars to be presented on the above topics, organised by Legal Logic Asia, MIA, MAICSA and other organisers.<\/p>\n\n\n\n

\u8bf7\u5355\u51fb\u6b64\u5904<\/a>\u4ee5\u83b7\u53d6\u66f4\u591a\u6709\u5173\u7531Legal Logic Asia, MIA, MAICSA\u548c\u5176\u4ed6\u7ec4\u7ec7\u8005\u7ec4\u7ec7\u7684\u6765\u4e34\u7814\u8ba8\u4f1a\u4e0a\u8ff0\u4e3b\u9898\u7684\u66f4\u591a\u4fe1\u606f\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u300a 2016\u5e74\u65b0\u516c\u53f8\u6cd5\u300b\u53f8\u6cd5\u7ecf\u7406\u516c\u53f8\u81ea\u613f\u91cd\u6574\u5b89\u6392\u503a\u52a1\u8ffd\u6536 The New Companies Act 2016 2016\u5e74\u65b0\u516c\u53f8\u6cd5 How will the  Judicial Manager and  Corporate Voluntary Arrangement affectthe Recovery of  your  Million Dollars Debts as an Unsecured Creditors \u53f8\u6cd5\u7ecf\u7406\u548c\u516c\u53f8\u81ea\u613f\u91cd\u6574\u5b89\u6392\u5c06\u5982\u4f55\u5f71\u54cd\u60a8\u8eab\u4e3a\u65e0\u62c5\u4fdd\u503a\u6743\u4eba\u7684\u767e\u4e07\u5143\u503a\u52a1\u6536\u590d Seminar Programme Outline \u7814\u8ba8\u4f1a\u65b9\u6848\u5927\u7eb2 1    Corporate Insolvency &  Recovery as an Unsecured Creditors  under  the Companies Act  2016 regime 1\u6839\u636e\u300a 2016\u5e74\u516c\u53f8\u6cd5\u300b\u4e0b\u516c\u53f8\u7834\u4ea7\u548c\u8eab\u4e3a\u65e0\u62c5\u4fdd\u503a\u6743\u4eba\u7684\u503a\u52a1\u6536\u590d\u7684\u5236\u5ea6 1.1     The  New Solvency […]<\/p>\n","protected":false},"author":1804,"featured_media":4686,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[62],"tags":[89],"_links":{"self":[{"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/posts\/9590"}],"collection":[{"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/users\/1804"}],"replies":[{"embeddable":true,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/comments?post=9590"}],"version-history":[{"count":2,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/posts\/9590\/revisions"}],"predecessor-version":[{"id":9593,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/posts\/9590\/revisions\/9593"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/media\/4686"}],"wp:attachment":[{"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/media?parent=9590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/categories?post=9590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/tags?post=9590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}