ASIC Secures Bankruptcy Orders Against Influencer Scholz miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
SERDANG: Tan Sri Lee Kim Yew says that he is still "solidly solvent" and that it was a US arbitration court decision which was used to file a bankruptcy notice against him at the Malaysian Insolvency Department.
KUALA LUMPUR, June 2 Datuk Seri Najib Razak has filed an application to ask the High Court to strike out the bankruptcy notice in relation to a sum of nearly RM1.7 billion in taxes and interest that the Inland Revenue Board (IRB) is demanding from him. Najib’s lawyer Muhammad Farhan Muhammad.
To print this article, all you need is to be registered or login on Mondaq.com.
On 18 December 2020 the Commonwealth Government issued a media
release in relation to an increase to the minimum dollar threshold
for issuance of a Bankruptcy Notice.
As we have previously written the Commonwealth Government
increased the threshold debt that a creditor could issue a
Bankruptcy Notice for from $5,000 to $20,000 in response to
COVID-19 pandemic.
Those protection measures were scheduled to cease on
1 January 2021 and the threshold amount which a Bankruptcy Notice
could be issued was expected to revert to $5,000.
However, the Commonwealth Government has decided that the