Malaysia to explore US 'Chapter 11' style corporate rescue framework
Photo: New Straits Times
KUALA LUMPUR: Malaysia will examine corporate rescue and business rehabilitation mechanisms, drawing lessons from the United States' Chapter 11 framework, as the next frontier of its insolvency reform agenda, said Datuk Seri Azalina Othman Said.
From the original report
The Minister in the Prime Minister's Department (Law and Institutional Reform) said premature liquidation often destroys jobs, disrupts supply chains and eliminates economic value that could otherwise be salvaged through debt restructuring.
"A company that cannot pay its debts today is not necessarily a company without an economic future.
…
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- New Straits Times
- Originally published
- Nov 4, 2026
- Updated here
- Nov 4, 2026
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- Malaysia Times desk (brief) — reporting by the source
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