1. Introduction Generally, when a company in Malaysia winds up and the wages and salaries of its employees remains unpaid, this begs the question of whether the directors or shareholders of that particular company can be held personally liable for those unpaid wages? Under Malaysian law, company directors will not be personally liable for any unpaid wages owed to employees.…

1. Introduction A company is unable to act on its own and requires directors to act as its proverbial “arms and legs” in good faith and the best interest of the company in accordance to Section 213 of the Companies Act 2016 (CA 2016). As such company directors are responsible for the company’s day-to-day operation and these include the payment…

1. What is moneylending?  Pursuant to Section 2 of the Moneylenders Act 1951 (Akta Pemberi Pinjam Wang 1951 [Akta 400]), moneylending means lending money at interest, with or without security, by a moneylender to a borrower. A moneylender is also defined in the same section as “moneylending” means the lending of money at interest, with or without security, by a…