We understand that managing a business in a time of crisis can be overwhelming. That is why we employ innovative, practical and cost-efficient solutions to address everything from corporate recovery to insolvency and debt restructuring.
We will assist you to restructure your debts and finances while leaving you to concentrate on the running and re-building of your business.
The areas we cover include:
- Debenture-appointed receiverships
- Court-appointed liquidations and receiverships
- Voluntary liquidations
- Forensic accounting
- Monitoring accountants
- Formal and informal schemes of arrangements
- Valuations
- Special managers
Corporate recovery and insolvency: the definitions
Before you look into the corporate recovery and insolvency solutions available at RSM Malaysia, it’s important that you have a firm understanding of what corporate recovery and insolvency are.
Businesses are defined as insolvent when they are overwhelmed by debts and can no longer make repayments on time. When a company first becomes insolvent, it becomes necessary to carry out corporate recovery.
Corporate recovery solutions are provided by specialist accountants who work to get a good deal for those with financial ties to the business that is facing insolvency. These include creditors and suppliers, as well as employees seeking redundancy or who have shares invested in the company.
Corporate recovery & insolvency solutions in Malaysia
Often, the early signs of business failure begin with financial difficulties – and this does not just happen during a recession.
To address this, in the period leading up to insolvency and the debt collection process in difficult circumstances, we frequently work closely with lenders and their legal advisers to provide strategic and technical advice that is based on our corporate recovery experience.
In carrying our restructurings, we:
- establish the key parameters that encompass creditor compromises, the rescheduling of liabilities and formal arrangements.
- Where relevant, perform a diagnostic review of the affairs of the company to ascertain the extent of the problems, with a review of the legal documents of key creditors to determine their entitlement and priorities.
Our work helps to provide insolvency solutions and thorough debt restructuring. We appraise the financial position and future profitability of a company with a focus on the adequacy of the lenders’ security, the customer’s ability to meet its obligations, and, if necessary, recommend any restructuring and further action required.
We will also provide monitoring services where continuance of obligations to the end customer takes place, which will include review of key operational factors and report on progress against set recovery or turnaround criteria.
Corporate recovery: for solicitors
For solicitors, our work goes further to handle the financial dimensions of their clients’ affairs in such areas as:
- product liability claims
- loss of royalties claims
- partnership disputes
- professional negligence
- loss of profits
- business interruption and similar insurance claims