In Depth

How is this crisis different?

At the EdgeProp.my Facebook Live Fireside Chat on April 17 titled “Will the Malaysian Property Sector Survive this Mother of All Crises?”, three industry veterans provided some clarity on what property buyers and investors should expect as they discussed the current pains plaguing the industry.

Create a legal 'shield' from Covid-19 events

It is certainly not within the contemplation of most Malaysians to have their lives come to a grinding halt hence it would be utterly unjust to hold them liable for their failure to fulfill their contractual obligations, under the circumstances.

Should I buy now? DEPENDS...

At the EdgeProp.my Facebook LIVE Fireside Chat titled ‘Undervalued Properties: Opportunities or Risk?’which took place last Friday April 10, several EdgeProp.my’s Pro Agents gave their views on the current market environment and some advice for property buyers.

COVID-19: Malaysia stays ahead of the curve with temporary winding-up protection for companies

On April 10, 2020, the Companies Commission of Malaysia firstly increased of the prescribed amount for the statutory demand to RM50,000. This debt threshold is not particularly high, especially for larger businesses. I do not expect this increased amount to make a significant difference for companies in debt.

Secondly, there was an amendment of the 21-day period in the CA 2016. The minister has substituted this for a six-month period. So, a debtor company now has a six-month window before there is an actual filing of the winding-up petition.