Category Archives: Covid-19

COVID-19 Act: Impact on Leases and Tenancy Agreements of Non-residential Immovable Property

These FAQs focus on the impacts of two Parts of the COVID-19 Act – the ‘Inability to Perform Contractual Obligation’ and the ‘Modification made to Distress Act 1951’ – concerning leases and tenancy agreements of non-residential immovable properties.

A Bird’s Eye View: Temporary Measures for Reducing the Impact of Coronavirus Disease 2019 (COVID-19) Act 2020 – Where do I go from here? (Part 1)

Introduction As Malaysia (and the world) continues its combat against this invisible enemy that has plagued the world and crippled economies, the Malaysian Parliament has recently passed the Temporary Measures for Reducing the Impact of Coronavirus Disease 2019 (COVID-19) Act 2020 (“Act”). The Act come into force today, 23 October 2020 (very timely considering the…

Business Continuity Post-MCO: From Financial Distress Management to Corporate Rescue Mechanism

The unprecedented outbreak of COVID-19 worldwide has placed the global economy in recession since late March. Business continuity is a major concern for business owners in view of the world economy outlook, including entrepreneurs in Malaysia following the implementation of 28-day Movement Control Order to control the pandemic outbreak. Local businesses have been reported to…