We have a proven track-record in Corporate Debt Restructuring, Insolvency, Liquidation & Receivership and Dispute Resolution

Dennis Nik & Wong's core areas of practice are in company liquidation, debt restructuring, rescue schemes, rehabilitation projects, insolvency and shareholders’ disputes.

Apart from offering just legal services, we also focus in building good long-lasting working relationships with our clients.

This insightful and dynamic approach has been our success story in our continuous growth as one of the leading legal service providers in the country.

Dennis Nik & Wong continues to stay at the forefront of the industry through our engagement and representation in numerous cases.

“We pride ourselves in delivering swift and effective 'out-of-the-box' solutions in solving complex and challenging issues”

Key Practice Areas

  • Applying for or resisting a compulsory winding-up order.
  • Applying for setting aside of winding-up orders.
  • Voluntary winding-up applications.
  • Filing for Dissolution of Company.
  • Appointment and removal of Interim and Private Liquidators.
  • Assisting Liquidators in the recovery and distribution of assets.
“We work closely with insolvency practitioners and licensed liquidators who are members of MIA, IPAM and MICPA”
  • Advising on debt-restructuring / rescue schemes under s.366 of the Companies Act 2016.
  • Obtaining Restraining Orders against creditors.
  • Seeking Court’s approval to hold a “Creditors’ Meeting”.
  • Applying for Court’s sanction and approval of proposed rescue scheme.
  • Applying to set aside Restraining Order.
  • Applying a liquidator to assess the viability of a proposed scheme.
  • Prepare Explanatory Statement pursuant to s.369 of the Companies Act 2016.
“We advise clients on compliance and submissions to the Corporate Debt Restructuring Committee ofBank Negara Malaysia CDRC”
  • Filing for and defending against Bankruptcy Notices and Creditors Petitions.
  • Applying to the Directors General of Insolvency (DGI) of the Malaysia Department of Insolvency for the discharge of a bankrupt.
  • Applying for Scheme of Arrangements for debtor.
  • Applying for Voluntary Arrangement pursuant to Bankruptcy (Amendment) Act 2017 for debtor.
“We advise our clients on all aspect of bankruptcy proceeding governed under the Bankruptcy Act 1967”
  • Appointment and removal of ‘Receiver’ and ‘Receivers and Managers’.
  • Advising lenders and debenture-holders on issues arising from receivership.
  • Advising ‘Receivers and Managers’ of their appointment, duties and powers.
  • Assisting ‘Receivers and Managers’ in the recovery and sale of charged assets.
“We advise on all aspects of the Receivership and realisation of charged assets such as buildings, lands, machinery, shares and ships”
  • Advising on all aspects of shareholder disputes, hostile takeovers and boardroom tussles.
  • Protecting and preserving the rights of minority shareholders
  • Appointment of Receivers and Managers over the Company for the preservation of status quo, tracing of assets and investigation of accounts.
  • Filing for minority oppression petitions against controlling shareholders pursuant to s.346 of the Companies Act 2016.
  • Defending against or filing for ‘derivative action’ under the common law and s.347 of the Companies Act 2016.
  • Filing and defending against ‘304 Suit’ for ‘Fraudulent Trading’ pursuant to s.540 of the Companies Act 2016.
“Our pragmatic approach and 'out-of-the box' solutions have proven to be very effective in resolving complex issues commonly found in shareholders disputes”
  • Advising liquidators, lenders and debenture-holders on issues arising from receivership.
  • Advising Scheme Advisors and “White-Knights” on all aspects of rehabilitating abandoned projects and housing schemes.
  • Applying to Court for sanction and approval for the rehabilitation scheme.
  • Advising on a compromise with its scheme creditors and purchasers.
  • Rehabilitation of abandoned projects and housing schemes.
  • Preparation of Explanatory Statement pursuant to s.369 of the Companies Act 2016.
“We constantly advise scheme advisors, liquidators and 'White-Knights' on complex issues involving the rehabilitation of abandoned property projects”