10 March 2025

The Court of Appeal in Martin Bencher (Malaysia) Sdn Bhd v Sapura Energy Berhad & Ors (Civil Appeal No. W-02(IM)(NCC)-1879-11/2023) issued a landmark decision pertaining to the filing of consecutive fresh applications for a scheme of arrangement under the Companies Act 2016 and the effect of a creditor’s submission of proof of debt. The decision also sets out helpful guidance on the new “cooling off” period for restraining orders introduced by the Companies (Amendment) Act 2024.

This article provides an overview of the court’s decision.

Further information

Our Partner Kwong Chiew Ee and Principal Neoh Jin Keat acted for the Respondents at the Court of Appeal.

Members of the Firm’s Restructuring & Insolvency Practice, Managing Partner Azman bin Othman Luk, Partners Jack Yow and Kwong Chiew Ee, Principals Neoh Jin Keat and Melvin Ng are advising the Sapura Energy Group in its ongoing schemes of arrangements. 

More

Knowledge Highlights 25 August 2025

Federal Court finds “generating, transmitting, and distributing electricity” constitutes utility services, not manufac ...

Read more

Knowledge Highlights 29 August 2025

PDP Commissioner invites feedback on proposed amendments to the Personal Data Protection Regulations 2013

Read more