‘When I am asked what businesses need from a legal perspective in this Covid crisis, I come up with a critical minimum list of three, for our local small and medium enterprises (SMEs). First, breathing space to earn income and turn around a cash flow deficit to meet debts. This translates into: (a) freezing of demands for payment, and (b) freezing of legal actions... Second, protection from eviction from business premises, and repossession of machinery, equipment and assets that are essential to generating revenue, for a similar period of time. This is fundamental to SMEs’ ability to carry on business as a going concern... The third measure required is then, assistance with the restructuring of debts.’
Read here (FocusMalaysia, May 9, 2020)
