Regional news: Malaysia

Malaysian low-cost airline AirAsia X has revised its proposed scheme of arrangement to split creditors into two classes, after concerns were raised in Kuala Lumpur's High Court.

06 November 2020

Kuala Lumpur-based Lim Chee Wee Partnership is acting for leasing company BOC Aviation in its efforts to derail Malaysian airline AirAsia X's scheme of arrangement – while Indonesia’s Lion Air is facing a bankruptcy application and Japan’s ANA Holdings has announced a number of cost-cutting measures.

27 October 2020

The majority shareholders of a Singaporean laser cutting business have been given 10 days to purchase its remaining shares to stop the city-state’s High Court from winding it up, as separate proceedings rumble on in Malaysia.

27 October 2020

Kirkland & Ellis and PJT Partners are advising Malaysian-controlled cruise ship operator Genting Hong Kong, which is pursuing an “holistic debt restructuring” after halting payments on its US$3.37 billion debt pile.

21 August 2020

Singapore-listed oil and gas services company Hiap Seng Engineering and one of its subsidiaries have filed separate applications for judicial management in the city-state, with RHTLaw advising.

29 July 2020

Cayman-incorporated Capital World has launched a proposed pre-packed, fast-track scheme of arrangement in Singapore, while subsidiaries of Singapore’s Hatten Land have obtained moratoria in Malaysia ahead of launching two local schemes.

24 July 2020

The foreign representative of a Malaysian steel maker is seeking Chapter 15 protection in California to block an attachment claim, weeks after an English court granted similar relief.

20 March 2020

A Silicon Valley-backed retail start-up in Singapore has announced it will pursue a scheme of arrangement for its S$248 million debt, and appointed Oon & Bazul and DHC Capital for advice.

05 August 2019

Facing a judicial management application, a Singaporean technology retailer has said it will sack its absent executive chairman over allegations that he signed off on finance agreements worth millions without authorisation.

29 July 2019

A Singaporean court has placed a local venture fund under judicial management, after hearing that its former managers allegedly withheld financial information to depress the company’s value and yield a lower recovery for shareholders.

18 July 2019