22 September 2022

“More time obtained for Scomi Group Berhad to settle debts.”

Zul Rafique & Partners’ Litigation Partner, Farah Shuhadah Razali and Associate, Nadiea Afiqah, working together with Baker Tilly Insolvency PLT had acted for Scomi Group Berhad  (SGB) and have successfully obtained an order in the High Court in respect of an Application for Leave to hold a Scheme Creditors Meeting and a 3-month restraining order against all current, pending or future proceedings against SGB or its assets.

This application was made as a result of SGB’s status as a PN17 company. Our Corporate/M&A Partner, David Lee, advised SGB on the restructuring and corporate exercise.

This decision was also featured in The Star on 21 September 2022, HERE.

While the Bursa Announcement can be accessed, HERE.

For more insights into this area of law, please contact our Partners:
P Jayasingam
Wong Keat Ching
Thavaselvi Pararajasingam
Idza Hajar Ahmad Idzam
Farah Shuhadah Razali
Bailey Leong Pui Yee

Corporate/Mergers & Acquisitions:
Jerry Ong Kok Wah
Cathryn F L Chay
David Lee Lai Huat

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