Temporary Measures for Reducing the Impact of Coronavirus Disease 2019 (Covid-19) Bill 2020 tabled before Malaysian Parliament

28 August 2020

On 12 August 2020, the Temporary Measures for Reducing the Impact of Coronavirus Disease 2019 (Covid-19) Bill 2020 was tabled before Malaysia's Parliament for its first reading. The Bill addresses the inability to perform contractual obligations, the modification of limitation periods, and specific amendments to 16 existing laws, in a bid to reduce the impact of the Covid-19 pandemic. For example, creditors would be prevented from presenting a bankruptcy petition against a debtor unless there are two or more creditors and the debt amounts to RM100,000.