This text has a comprehensive coverage of the major changes introduced by the new Companies Act 2016, including the following: no par value share system; one-person companies; unlimited capacity; optional constitution; optional objects clause; general abolition of the ‘constructive notice’ doctrine; new provisions on share buy-backs and reduction of capital; the re-vamping of insolvency laws; and the corporate rescue mechanism. Also considered are the new Malaysian Code on Take-overs and Mergers 2016 and the derivatives regime. Apart from local cases, the text discusses cases from diverse jurisdictions such as Singapore, England, Australia and New Zealand. A salient feature of the text is that it draws liberally and sets out excerpts from some of the more important judgments under consideration so as to enable the reader to appreciate the thought processes of the judiciary.
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