After receiving Royal Assent on 10 May 2017, the Bankruptcy (Amendment) Act 2017 came into force in Malaysia on 6 October 2017
The new Bankruptcy (Amendment) Act 2017, which came into force on 6th October 2017, has renamed the existing Bankruptcy Act 1967  as the ‘Insolvency Act 1967’. The new Act will bring about significant changes to the law and, along with these, possible uncertain ramifications.
In general, the changes provide increased protection for individual debtors, by allowing them more opportunities to restructure repayment of their debts. The increased protections are a response to the worrying trend of significant increases in the number of reported bankruptcy cases.
One of the underlying objectives sought to be achieved is to create a society (comprised as it is of debtors and creditors) which is more financially literate on the issue of debt repayment.
The Panel of Judges was headed by Danial Feierstein (left) in deliberating the trial. (Source: Bernama)
Religious superiority has long been one of the bases for the marginalisation and persecution of ethnic minorities. For the very same reason, the sufferings of the Muslim community in Myanmar continue to be a long, dark abyss towards annihilation. Their cries, although widely heard and reported by international media and agencies, do not change the fact that they remained oppressed by the Myanmar extremist Buddhist government. It does not help that the supposed beacon of hope, hiding behind her Nobel Peace Prize, is now the icon of hypocrisy and irony.
As the Muslim minorities’ identities are being diluted in the country’s diverse social fabric, efforts to obliterate their physical presence have manifested in nefarious acts of abuse and violence against men, women and children alike. Among the execution strategies adopted by the state of Myanmar towards its marginalised include; mass razing of homes and villages, forced evacuation, murder and rape, all of which have been commented upon by the United Nations as “a textbook example of ethnic cleansing”.
Despite facing years of condemnation and massive criticisms by the international community, the Myanmar government is resolute in its standing of innocence; an outright lie to the face of justice. Even so, the Permanent Peoples’ Tribunal attempted to shine some light at the end of the tunnel for the Muslim minority community in a trial held at the Faculty of Law, University of Malaya. The trial lasted from 18th to 22nd September 2017.