Effective Debt Recovery during COVID-19/COVID-19期间的有效债务回收
In an effort to reduce the burden on companies which have been impacted by the COVID-19 pandemic, the Minister of Domestic Trade and Consumer Affairs has passed the Companies (Exemption) Order (No.2) 2020 as temporary measures for financially distressed companies. These temporary measures, as discussed in our previous article, includes the extension of a period of 6 months for companies to respond to a statutory demand before winding up proceedings can be initiated against them.