Impact Of Covid-19 On Insolvency Law In Asia: A Comparative Study

Abstract

Scholars Agree On The Importance Of Implementation Of The Covid-19 Act 2020 All Over The World During Pandemic Covid-19. The Pandemic Covid-19 Disrupted Insolvency Law In Malaysia As Well As In Other Countries Such Are Singapore And Australia.This Article Examines The Benefit Of Implementation Of Insolvency (Amendment) Act 2020 And Covid 19 Act 2020 In Malaysia. This Article Also Important To Analyse The Insolvency Law Between Malaysia, Singapore And Australia Due To Pandemic Covid-19. The Government Of Various Countries Have Adopted Unprecedented Measure And Amending Their Insolvency Legislation To Prevent Covid-19. The Malaysia Department Of Insolvency Statistical Releases Show Total Bankruptcy Cases As At December 2018 Were 303,415. The Comparative Study Of Insolvency Law Between Malaysia, Singapore And Australia Is Importance To Reveal The Significance Of The Implementation Of Covid 19 Act 2020 During Pandemic Covid-19. Thus, This Study Seeks To Highlight The Impact Of Covid-19 On Insolvency Law In Malaysia As Well As In Other Countries Namely Singapore And Australia.