Insolvency Conference 2014

JOINTLY ORGANISED BY:
iPAM
MEDIA PARTNER:
SUPPORTED BY:
iPAM
Insolvency Practitioners Association of Malaysia
(Persatuan Pengamal Insolvensi Malaysia)
olvency Practitioners Association of Malaysia
(Persatuan Pengamal Insolvensi Malaysia)
All participants will receive a
RM500
Suit Gift Voucher
Compliments of
Insolvency
Conference
2014
Facing the
Breakthrough
Together
25 November 2014 (Tuesday)
[email protected] Bangsar South,
Kuala Lumpur
INSOLVENCY CONFERENCE 2014
An effective insolvency system provides efficient
processes for winding-up companies when it is no
longer a viable business. This conference combines a
highly topical and relevant programme with networking
opportunities for insolvency and restructuring
practitioners. It brings together some of the leading
minds of this industry as well as influential insolvency
practitioners, lawyers and bankers. Stay at the forefront
of the sector and keep up-to-date with key developments
affecting Insolvency Practitioner.
Join us in this conference where expert practitioners and
professionals get together for a session of knowledge /
experience sharing and networking.
KEY TAKEAWAYS
• Identify the key changes under the Companies Bill and
its impact towards the insolvency regime
• Discover the corporate rehabilitation mechanisms
• Understand the GST impact on liquidation
• Address practical and legal issues liquidators face under
the Housing Development Act 2012
WHO SHOULD ATTEND
•
•
•
•
•
•
Accountants
Lawyers
Insolvency Practitioners
Bankers
Company Secretaries
Regulators
Programme Outline
8:00am
Registration and Welcome Refreshments
9:00am
Welcome Address by the President of Malaysian Institute of
Accountants
9:15am
Session 1
2:00pm
Session 3
The New Companies Bill - Changes to the
Insolvency Regime
The New Companies Bill intends to update the
provisions relating to receivership and winding
up. What are the significant provisions of the
Bill in reforming the existing insolvency related
areas of receivership and winding up law?
Panellists:
Rabindra Santhanasegira
GST and Insolvency: A Difficult Area
During an economic downturn, the increasing
number of businesses suffering financial
distress is an inevitable consequence. With
the introduction of GST in Malaysia next year,
some businesses may become insolvent. In
such a situation, our Custom Officers will be
involved in GST Audit on liquidation. It is timely
to consider the interaction between GST and
insolvency.
Speaker:
Robert Tsang
Partner, Tax, Southeast Asia and Asia Pacific
Indirect Tax Leader, Deloitte & Touche LLP,
Singapore
Partner, Dispute Resolution Practice Group, Shearn
Delamore & Co
Nor Azimah Abdul Aziz
Director, Corporate Development and Policy
Division, Suruhanjaya Syarikat Malaysia, (SSM)
Stephen Duar
3:00pm
Session 4
Partner, Restructuring & Insolvency Leader, Ernst &
Young, Malaysia
Morning Refreshments
10:45am
11:15am
Session 2
Modernising the Insolvency Laws - New
Corporate Rehabilitation Mechanisms
While the liquidation process remains an
integral part of the corporate insolvency law,
new corporate rehabilitation mechanisms were
introduced by the New Companies Bill in the
form of corporate voluntary arrangement and
judicial management to help rehabilitate ailing
companies that have the potential to be revived.
To resuscitate and rehabilitate a financially
distressed company, how can we utilise the
new corporate rehabilitation mechanisms?
Will this reduce the cost of compliance,
increase efficiency and protect the interests
of stakeholders?
Panellists:
Lee Shih
Giving Life to Abandoned Housing Projects
– What Can be Done?
It is an undisputed fact that abandoned housing
projects are a negative phenomenon plaguing
the housing industry in Malaysia, leaving a trail
of devastation economically and socially.
With the increasing number of abandoned
housing projects in Malaysia, this session
will discuss:
• Implications of the amendment of the
Housing Development Act
• Legal issues affecting these projects
• Successful revival experience
• What more can be done?
Moderator:
Andrew Heng
Partner, Ferrier Hodgson MH Sdn Bhd
Panellists:
Kumar Kanagasingam
Partner, Messsrs Lee Hishammuddin Allen & Gledhill
Raveendra Kumar Nathan
Managing Principal, Rimbun Capital Sdn Bhd
Yip Kok Leong
Partner, Dispute Resolution Division SKRINE
General Manager-Loan Rehabilitation, Ambank Group
Chee Yoh Chuang
Datuk Ng Seing Liong
Executive Director & Head Corporate Recovery &
Forensic Accounting, RSM Chio Lim, Singapore
Patron and Past President, Real Estate and Housing
Developers' Association Malaysia, (REHDA Malaysia)
Fajrul Shihar Binti Abu Samah
Director, Malaysia Department of Insolvency
(Invited)
Afternoon Refreshments
4:30pm
12:45pm
Networking lunch
5:00pm
End of Conference
INSOLVENCY CONFERENCE 2014
FACILITATOR
Andrew Heng
Raveendrakumar Nathan
Andrew is a Chartered Accountant with the Malaysian Institute of Accountants, a
member of CPA Australia and a Certified Financial Planner with the Financial Planning
Association of Malaysia. He is also a licensed auditor with the Professional Committee
of Accounting under the Ministry of Finance of Mongolia. He holds the Bachelor of
Commerce and Bachelor of Law degrees from The University of Western Australia. He
was called to the Malaysian Bar in 2000.
Kumar Nathan is qualified as a Chartered Certified Accountant and worked for Public
Accounting firms in the United Kingdom and Singapore for over 6 years. He started his
career with Carrier International Corporation (subsidiary of US Fortune 100 company)
in 1989. During his time there, he completed the Senior Executive Master’s in
Business Administration (MBA) programme at the National University of Singapore.
Andrew has handled various insolvency assignments comprising Liquidations, Receiverships, Special
Administrations and advisory work for troubled companies. He has also undertaken workout proposals,
debt restructuring, due diligence reviews and investigative audits and monitoring accountant roles.
Andrew’s exposure in industry includes property development, construction, restoration of abandoned
housing schemes, scrap metal recycling, hotels, underwater aquarium and aquatic business, mining,
timber, plantations, retail and manufacturing. Andrew has also developed extensive experience in the
property and construction industry and was instrumental in setting up the firm’s Revival of Abandoned
Projects’ Team. He has successfully revived and completed numerous projects in Malaysia.
Chee Yoh Chuang
Yoh Chuang is a senior partner of RSM Chio Lim LLP and Executive Director of Stone
Forest Corporate Advisory Pte Ltd. He has almost 30 years of experience in insolvency
and restructuring, acting as judicial manager, scheme manager, receiver, liquidator
and financial advisor in corporate restructuring. He is actively involved in investigation
assignments, including conducting special audit on companies listed on the Stock
Exchange of Singapore.
Yoh Chuang is a member of the Board of Directors, Insolvency Practitioners Association of Singapore.
He was a member of the Insolvency Law Review Committee and received the “ Minister for Law Outstanding
Volunteer Award “ in 2012.
Kumar Kanagasingam
Kumar obtained his law degree from the University of London in 1982. He qualified as
a Barrister at Law from Middle Temple, United Kingdom in 1983 and was admitted as
an Advocate and Solicitor of the High Court of Malaya in 1984.
Kumar was a partner in Messrs Allen & Gledhill from 1990 until 2004 and a partner
in Lee Hishammuddin Allen & Gledhill since 2005. He has been in active dispute
resolution practice in the fields of general civil, commercial, banking and insolvency. He also advises on
general corporate and commercial matters. He presently heads the Banking Insolvency Group in the firm.
Lee Shih
Lee Shih is a dispute resolution partner at Skrine. He has been admitted to the English
Bar and is an Advocate and Solicitor in the High Court of Malaya. His portfolio of
litigation work focuses on international arbitration, corporate litigation and corporate
insolvency. He regularly advises and acts in insolvency, schemes of arrangement
and receivership matters. He has acted as lead Counsel in a variety of shareholder
disputes.
In addition to being a council member of the Insolvency Practitioners Association of Malaysia, he also
regularly writes articles on topics relating to insolvency, receivership and arbitration. He has given talks
to the Malaysian Institute of Accountants, Bursa Malaysia, LexisNexis and the Malaysian Bar on these
topics. Lee Shih was listed in the Legal 500 Asia Pacific 2013 as “a name to watch for
the future”.
Datuk Ng Seing Liong
He has acted as an Agent of the Official Receiver for the Malaysia Department of Insolvency. He was
also part of the Selangor government task force, the Ministry of Urban Well-being, Housing and Local
Government, for rehabilitating abandoned housing projects. He recently completed the Master’s degree
in Economic Crime Management and is a council member of the Association of Certified Fraud Examiner
(Malaysian Chapter).
Robert Tsang
Robert currently heads Deloitte’s Asia Pacific and Southeast Asia Indirect Tax Teams.
He previously ran the Andersen International VAT Teams and has spent the last 6
years in Asia Pacific in his current role. He has many years of experience serving local,
regional and global clients on the Indirect Tax aspects of businesses around the world.
On Malaysian GST he has advised the Ministry of Finance, the Tax Review Panel and
Royal Malaysia Customs on the shape and structure of the new rules.
He was called to the Bar in the UK (Gray’s Inn) as well as a Chartered Accountant and Chartered Tax
Adviser in the UK. He is also a member of the Singapore Institute of Chartered Accountants and Singapore
Institute of Accredited Tax Professional Accredited Tax Advisor. Robert is currently a member of the
Singapore GST Board of Review.
Rabindra Nathan
Rabindra Nathan was admitted to the Bars of New Zealand (1986) and West Malaysia
(1987). He has a LL.B (Hons) from the University of Canterbury, New Zealand (1985)
and an LL.M (Hons) from Sidney Sussex College, Cambridge University (1988). He
is a partner of Shearn Delamore & Co (1997 - present). Winner of several prizes
and holder of various scholarships, his areas of practice are corporate / commercial
litigation, banking, insolvency and international arbitration. He has many reported
cases to his name in the High Court, Court of Appeal and Federal Court in Malaysia. He has done
consultancy work for the Asian Development Bank in insolvency and for the OECD in insolvency
& corporate governance. He is very involved with insolvency related bodies both in Malaysia and
internationally.
Stephen Duar
Stephen Duar is a Partner and the Restructuring Leader of Ernst & Young, Malaysia.
Stephen has over 25 years of experience handling formal and informal corporate
recovery work, namely receivership and liquidation administration, dealing with
shareholders’ disputes, debt restructuring and turnaround of distressed companies.
He has taken up formal appointments as Appointee, Receiver & Manager and
Liquidator of companies involved in various industries including property development,
manufacturing, plantation, utilities, shipping, hospitality and financial services. He was also the primary
partner in charge of an engagement to conceptualise and document policy manuals for a government
agency in relation to various forms of formal appointments such as Appointee, Receiver & Manager and
Liquidator over member companies.
Stephen is a member of the Malaysian Institute of Accountants (MIA) and the Insolvency Practitioner’s
Sub-Committee under MIA. He is a fellow member of CPA Australia and a Council Member of the
Insolvency Practitioners Association of Malaysia (IPAM). He holds an audit licence and a liquidator licence
issued by the Treasury, Ministry of Finance.
Datuk Ng Seing Liong helmed REHDA for 2 terms (2006 – 2010) as the National
President and has been actively involved in the Association in various capacities for
the last 25 years.
Datuk Ng is a Chartered Accountant by profession and is a member of various
professional bodies including Malaysian Institute of Accountants, Malaysian Institute
of Certified Public Accountant, Association of Chartered Certified Accountants, United Kingdom (Fellow),
Institute of Chartered Secretaries and Administrators, United Kingdom, Fellow of the Chartered Tax
Institute of Malaysia, Institute of Cooperative and Management of Auditors Malaysia. He is also the
council member of the Insolvency Practitioner Association of Malaysia and member of the Insolvency
Practitioner Malaysian Institute of Accountants.
Datuk Ng also sits on the Board of Directors of the Construction Industry Development Board of Malaysia
since 2006 as well as a number of other companies.
Nor Azimah Abdul Aziz
Currently the Director of SSM’s Corporate Development & Policy Division, Nor Azimah
oversees law reform in legislations administered by SSM, policy, international
networking, project management, promotion of corporate responsibility as well as
strategic planning. Prior to this post, Nor Azimah was the Director of COMTRAC
where she was responsible for the establishment and the overall operationalisation.
Nor Azimah obtained her law degree from ITM Shah Alam in 1991 and acquired her
postgraduate degree in Business Law from the University of Wales in 1996.
Ong An Hock
Hock An is a partner and Head of Insolvency Practice in BDO. Prior to joining BDO in
2014, he was the Head of the Restructuring Practice in KPMG.
Hock An has more than 25 years of experience in corporate recovery and restructuring
acting as Receiver and Manager, Liquidator, appointee and independent financial
advisor in corporate restructuring assignments. He also advised financial institutions
on the acquisition, management and divestment of non-performing loans portfolio.
He previously served as a member of Insolvency Practitioner’s sub-committee of the Malaysian Institute
of Accountants and honorary auditor of the Insolvency Practitioners Association of Malaysia. He holds an
audit license and liquidator licenses issued by the Treasury, Ministry of Finance and the Labuan Financial
Services Authority.
Keep an eye out for Pigeonhole®Live
at Insolvency Conference 2014!
Don't miss your chance to post all your burning questions or vote for questions
posted by other participants. Popular questions with moreEmcee
votes standIntroduction
a
chance to be answered by the speakers. Using your smartphone,
Live tablet or
laptop, you can take part in the Q&A without even grabbing a microphone.
to
[Show Pigeonhole Live Introduction/Pas
Today, we will be using Pigeonhole Live
sessions.
If you have a smartphone, a tablet or a la
REGISTRATION FORM
Insolvency Conference 2014
Please o the appropriate checkboxes.
PARTICIPANTS' DETAILS
Participant 1 Full name as per I/C (Dato' / Datin / Dr / Mr / Mrs / Ms):
o Vegetarian Meal
Participant 1
oiPAM Member oBoardroom’s Clients/Associates
oIBFIM Member
Membership No.:
Designation:Email:
*o Member
*o Non-member*o Sponsored Staff1
(Sponsoring MIA member’s name & membership no.)
Participant 2 Full name as per I/C (Dato’ / Datin / Dr / Mr / Mrs / Ms):
o Vegetarian Meal
Membership No.:
Designation:Email:
*o Member
*o Non-member*o Sponsored Staff
Participant 3 Full name as per I/C (Dato’ / Datin / Dr / Mr / Mrs / Ms):
o Vegetarian Meal
Membership No.:
Designation:Email:
(Sponsoring MIA member’s name & membership no.)
Boardroom’s Associates/Clients
Member (MIA/IPAM/IBFIM)
Member Firm’s Staff
or Sponsored Staff 1
Non-member
| RM 950
| RM 950
| RM 1,050
| RM 1,250
25 November 2014 (Tuesday)
[email protected] Bangsar South, Kuala Lumpur
Contact :Muhammad / Razlan
Tel
: 03 2279 9200ext.156 / 2279 9294
Fax
: 03 2273 5167
Email
: [email protected]
Address : Malaysian Institute of Accountants
Dewan Akauntan
No. 2, Jalan Tun Sambanthan 3
Brickfields, 50470 Kuala Lumpur
ORGANISATION'S DETAILS
Organisation:
Contact Person:
Address:
Email:
Participant 3
oiPAM Member oBoardroom’s Clients/Associates
oIBFIM Member
COURSE DATE, VENUE AND CONTACT
*o Non-member*o Sponsored Staff1
Industry:
Participant 2
oiPAM Member oBoardroom’s Clients/Associates
oIBFIM Member
COURSE FEES
1
(Sponsoring MIA member’s name & membership no.)
*o Member
For non-MIA participants, please tick if applicable:
Tel:Fax:
Enjoy 5% Discount
off total course fee for 3-5 pax
from the same organisation
Signature & Company Stamp:
Enjoy 10% Discount
PAYMENT DETAILS
off total course fee for 6 pax and above
from the same organisation
Payment by Cheque
Bank & Cheque No.:
Amount RM:
Payment by Credit Card
o Visa
o Master
Cardholder's Name:
Card No.:
Expiry Date:
I Authorise Payment of RM:
Cardholder's Signature:
Date:
IMPORTANT NOTE:
Registration is on first-come-first-served basis. Only
fully completed registration form will be processed.
PROGRAMME FEE
• Fee is payable to MALAYSIAN INSTITUTE OF ACCOUNTANTS
• Fee includes course materials, lunch and 2 tea breaks per day.
• Full payment of the above amount shall be made within thirty (30) days from the date of the invoice or
on the day of the event, whichever earlier.
• Admittance may be denied upon failure to make full payment as per the above requirement.
CANCELLATION / TRANSFER
Upon registering, participant(s) are considered successfully enrolled in the event. Should participant(s)
decide to cancel/transfer their enrolment, a cancellation/transfer policy shall be applied as follows.
a) Written cancellation/ transfer received less than five (5) working days from the date of the event:
- A refund (less administrative charge of 20%) will be made
- Unpaid registrations will also be liable for 20% administrative charges
b) Written cancellation/ no show on the day of the programme:
- No refund will be entertained
- Unpaid registrations will also be liable for full payment of the registration fee
- Partial cancellation is not allowed
You can substitute an alternate participant if you wish to avoid cancellation/ transfer charges.
Any difference in fees will be charged accordingly.
*Please select the participant classification carefully as it determines the fee payable. No alteration
will be allowed after the registration is accepted. Terms and conditions apply.
1
The Sponsored Staff must report directly to the sponsoring MIA member in his/ her firm or company.
CERTIFICATE OF ATTENDANCE AND CPE HOURS
• Upon full attendance of the programme, participants will be issued an “E-certificate”. Participants will
receive an email with a download link and are required to download the e-certificate within 30 days. For this
purpose, it is COMPULSORY to fill in the email address clearly.
• For MIA members, the CPE hours will be credited into the Membership System within 2 weeks of
the event.
DATA PROTECTION
Personal Data is gathered in accordance with the Personal Data Protection Act 2010 (Act 709).
DISCLAIMER
Malaysian Institute of Accountants (MIA) reserves the right to change the speaker(s), date(s) and to cancel
the programme should circumstances beyond its control arises. MIA also reserves the right to make
alternative arrangements without prior notice should it be necessary to do so. Upon signing the registration
form, you are deemed to have read and accepted the terms and conditions.