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27 January 2023

“This case is significant as it is one of the earliest cases involving a judicial management application made by a creditor instead of the company itself.”

Zul Rafique & Partners is pleased to announce that its Litigation Partner, Farah Shuhadah Razali, and Legal Associate, Nadiea Afiqah, had represented CIMB Bank Berhad (CIMB) and succeeded in obtaining a High Court order to place a debtor company under judicial management on the 12th of January 2023. This case is significant as it is one of the earliest cases involving a judicial management application made by a creditor instead of the company itself.

 
Baker Tilly Insolvency PLT, who was recently appointed as the debtor company’s interim judicial managers, will now act as the company’s judicial managers.
 
Our Corporate – Capital Markets and M&A Partner, David Lee, has also been instrumental in achieving this milestone by providing invaluable corporate legal advice throughout the process.

For more insights into this area of law, please contact our Partners:
Litigation:
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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