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Piercing the Corporate Veil: Directors' Personal Liability for Fraudulent Trading in Malaysia
Hold Directors Personally Liable for Siphoning of Assets __________________________________________________________________________________ Key Takeaways • The principal legal tool in Malaysia is Section 540 of the CA 2016 , which allows the corporate veil to be lifted in cases of fraudulent trading . • To succeed, you must prove the company’s business was carried on with intent to defraud creditors, and the defendants were knowingly a party to this fraudulent conduct. •
Nov 6, 20256 min read
Can a Claim be Made Against a Trade Referee and CTOS?
Many companies and individuals have found themselves being listed as "trade debtors" on the CTOS credit reporting database's Electronic...
Sep 30, 20214 min read
2021: Here's to a Better Year!
(Pic: New Year's Eve feast at home) We finally entered 2021, leaving behind what was (to most of us) a terrible year. While we do not...
Jan 2, 20211 min read
What to do Before Undergoing an Aesthetic Procedure or Cosmetic Surgery: A Legal Guide
If you are considering to undergo an aesthetic procedure or surgery, there are certainly many matters to consider. After all, it involves...
Nov 26, 20204 min read
Note on Parts II and III of the Malaysian Covid-19 Act
The Temporary Measures for Reducing the Impact of Coronavirus Disease 2019 (Covid-19) Act 2020 (Act 829) was gazetted on 23rd October...
Nov 24, 20204 min read
