The company law landscape in Malaysia has witnessed a significant change in its insolvency law with the adoption of two new corporate rescue mechanisms, the corporate voluntary arrangement and judicial management under the Companies Act 2016 (CA 2016), which has repealed the Companies Act 1965 (CA 1965). Previously, the insolvency laws under the CA 1965 were based on the traditional pro‐creditor laws of winding up and receivership, which embodied the liquidation culture. This article examines the transition of the insolvency laws in Malaysia from a liquidation culture under the CA 1965 to a corporate rescue culture under the CA 2016. It also reviews the necessary changes to the pro‐creditor laws, which are preserved under the CA 2016 in order to accommodate the pro‐debtor laws with the introduction of the corporate rescue mechanisms, which came into force on March 1, 2018. Through comparative and critical analysis of similar laws in the United Kingdom and Singapore, this article argues that while the corporate rescue mechanisms are regarded as pro‐debtor however the review reveals that the position of secured creditors are impeding its application and reforms ought to be considered.

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从清算文化向企业拯救文化的范式转变：法律评论

马来西亚的公司法格局见证了其破产法的重大变化，采用了两种新的公司救助机制，即《 2016年公司法》（CA 2016）下的公司自愿安排和司法管理，该法废除了《 1965年公司法》（加利福尼亚（1965）。以前，CA 1965年的破产法是基于清算和接管权的传统前债权人法律，这体现了清算文化。本文探讨了马来西亚破产法从1965年的清算文化到CA 2016年的公司救援文化的过渡。它还审查了对原告人法律的必要变更，这些变更在2016年的CA中得以保留。为了通过引入公司救援机制来适应债务人法律，