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Corporate Insolvency Laws in Abandoned Housing Projects
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Sintok :
Universiti Utara Malaysia,
2014.
|
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Intro
- Preface
- Acknowledgements
- Abbreviations
- Cases
- Statutes
- 1 | Introduction
- Abandoned housing projects in Peninsular Malaysia
- Definition of abandoned housing projects
- Abandoned housing projects as reported by the case law
- Causes of housing abandonment
- Insolvency of housing developer companies
- Grievances of purchasers in abandoned housing projects in Peninsular Malaysia
- 1 This can be seen from the funding provisions for public housing in the National Development Plan through the Second Malaysia Plan amounting to RM 171.89 million, Third Malaysia Plan-RM 710.15 million, Fourth Malaysia Plan-RM 1.458 billion, Fifth Malaysia Plan-RM 1.979 billion, Sixth Malaysia Plan-RM 803 million, Seventh Malaysia Plan-RM 2.875 billion, Eighth Malaysia Plan- RM 4.223 billion and finally for the Ninth Malaysia Plan-RM 18.445 billion. For the latest Ninth Malaysia Plan, see Econom
- 2 | Insolvency Law and Issues
- Types of insolvency of housing developer companies
- Liquidation or winding up of companies
- Purpose of liquidation
- Priority of debts payment
- The superiority of the creditors and contributories
- Effect of liquidation
- Provisional liquidator
- Receivership
- Scheme of Arrangement (SOA)
- Recommendations by Corporate Law Reform Committee (CLRC)
- Rehabilitation of abandoned housing projects
- Recent development on measures to deal with abandoned housing projects
- Special law to govern rehabilitation of abandoned housing projects
- 53 According to Walter CM Woon, any creditor, secured or unsecured, may present a petition for the winding up of the company. A prospective or contingent creditor may also present such a petition. A contingent creditor is a creditor in respect of a debt which will only become due upon the happening of an event which may or may not occur. A prospective creditor is a creditor in respect of a debt which will certainly become due in the future, either on some date which has been already determined o
- 3 | Case Study One: K&T Development Sdn. Bhd.
- Summary of the project151
- The winding up and post winding up stage
- Issues and problems
- Legal analysis
- Recommendations by the Corporate Law Reform Committee (CLRC)
- The appointment of Judicial Manager
- The improvement in the appointment and powers of Receiver and Manager
- The establishment of Corporate Voluntary Arrangement