Softbank-backed WeWork, the co-working firm that was once valued at $47 billion, has been forced to file for bankruptcy.
On the back of this, we take a Malaysian lens and explore bankruptcy and insolvency, including what it means for businesses and business owners, how it differs between sole proprietorships, partnerships, and corporations, support for firms that are financially distressed, and the potential ramifications for directors if they’re not careful about personal guarantees.
Helping us with this conversation is Christopher Guo, Legal Associate at Kenny Tan & Co.
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