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As the stakeholder landscape evolves in a crisis, the key is for management to build trust and confidence with its relevant stakeholders by ensuring that their interests are managed appropriately. It is also imperative for the affairs of the business to be stabilised before a strategy can be implemented to maximise recovery.
If parts of the business are approaching a crisis, you need to ask how you are managing the situation to stay in control. What will happen with the business or subsidiaries in question - should they be sold, closed, restructured or be part of an insolvency proceeding?
There are various options available to management to carve out ailing parts of the business. The costs and risks of all options should be considered carefully before making an informed decision on the best solution and ensuring that it is implemented properly.
Stabilisation stewardship to preserve value
Take control, regularise the affairs of the company and ensure continuous engagement with relevant stakeholders.
Maximise recovery options
Develop strategies/ options available to maintain business continuity based on the tools available under the Companies Act 2016 (i.e. Corporate Rescue Mechanisms, Receiverships and Liquidations).
Execute recovery
Execute your recovery strategy, including formulating and implementing an asset recovery strategy to trace and recover assets that could have been subject to misappropriation.
In carrying out responsibilities as a court appointed liquidator, we help distressed companies wind down the business and sell off the company's assets for eventual distribution to creditors. We also help companies wind down their affairs by way of voluntary liquidation.
We assume control over charged assets and operations, and ensure preservation of asset value. We implement effective asset management strategies and explore opportunities for asset monetisation.
We facilitate highly targeted transactions in distressed situations, leveraging expertise in mergers and acquisitions to maximise value and opportunities for businesses in distress.
We evaluate insolvency risk, working capital sufficiency, and going concern status for companies, providing actionable insights for financial stability and long term sustainability.
We offer skilled financial monitoring and reporting services to ensure compliance, transparency and accountability in the insolvency/restructuring process.
We provide assistance in legal proceedings related to insolvency and restructuring, offering specialised guidance and analysis for effective resolution.
We help track down assets that have been lost or hidden, often as part of an insolvency or fraud investigation. This can involve working with legal and investigative professionals to locate and recover assets that may have been misappropriated.
We offer services in managing the assets and debts of a deceased person, often as part of probate proceedings. This can involve working with legal and financial professionals to ensure that the deceased person's assets are distributed according to their wishes and that outstanding debts are paid off.
Deals Partner, Business Restructuring Services, PwC Malaysia
Tel: +60 (3) 2173 1677
Suren Seelan
Deals Partner, Business Restructuring Services, PwC Malaysia
Tel: +60 (3) 2173 1373
Weng Fai Chan
Deals Partner, Business Restructuring Services, PwC Malaysia
Tel: +6 (03) 2173 1827
Dennadict Chang
Deals Director, Business Restructuring Services, PwC Malaysia
Tel: +60 (12) 289 7004
Fiona Foong
Deals Director, Business Restructuring Services, PwC Malaysia
Tel: +60 (3) 2173 3750