by Donovan & Ho (BD) | Aug 16, 2021 | Debt Recovery
Not getting paid is an unavoidable problem faced by any business operating on credit terms. It is not uncommon to get legal assistance to recover some of these debts. Here’s a summary of how debts can be recovered through legal means. Letter of Demand The first step...
by Donovan & Ho (BD) | Sep 12, 2019 | Debt Recovery
In any dispute (especially those involving unpaid debts), lawyers would normally advise a client to first issue a “letter of demand” (usually referred to as an “LOD”). A letter of demand is a letter which establishes the background facts and records your demands. For...
by Donovan & Ho | Mar 30, 2017 | Debt Recovery, Dispute Resolution, Insolvency and Bankruptcy
The Bankruptcy (Amendment) Bill 2016 was passed in the Dewan Rakyat yesterday (29 March 2017). The law will be effective once it is passed by the Dewan Negara, receives Royal Assent, and is gazetted. The new law is an overhaul of the existing Bankruptcy Act 1967....
by Donovan & Ho | Dec 28, 2016 | Debt Recovery, Dispute Resolution
Nothing loses value faster than services already rendered. This is a bitter pill to swallow for many, yet it perfectly explains why bad debts remain a consistent problem for many businesses operating on credit terms. Statistics by the US Central Bureau found that 26%...
by Donovan & Ho | Aug 17, 2016 | Debt Recovery, Dispute Resolution
Letters of demand are often seen as the bread and butter of litigation lawyers. These letters can be issued quickly as they are usually brief and follow a standard structure. An unintended side effect of this mass production is that some parties have taken the view...
by Donovan & Ho | Jun 14, 2016 | Debt Recovery, Dispute Resolution
The Malaysian Construction Industry Payment and Adjudication Act 2012 (“CIPAA”) came into force on 15 April 2014. One of the objectives of CIPAA is to facilitate cash flow in the construction industry, as the new compulsory statutory adjudication regime...
