Cross-border insolvency issue tops Asean Law Forum
KUALA LUMPUR: The issue of cross-border insolvency is set to be one of the main highlights at the Asean Law Forum (ALF) 2025, which will be held at the Kuala Lumpur Convention Centre from Aug 19 to 21, says Datuk Seri Azalina Othman Said.
The Minister in the Prime Minister's Department (Law and Institutional Reform) said cross-border insolvency is considered a solution to business-related issues, leveraging alternative dispute resolution mechanisms, rather than relying solely on court proceedings.
'When Asean countries cooperate with each other, (whether involving) companies or governments, and encounter obstacles in certain matters, they can turn to international platforms for mediation or cross-border insolvency proceedings,' she told reporters at the ALF 2025 pre-launch ceremony at the Parliament building yesterday, Bernama reported.
The forum, which will bring together international law experts and practitioners, is expected to address regional and international legal issues such as international mediation, online security, cybercrime, human rights in business, and reforms in criminal and commercial law.
Azalina also said the forum will witness the adoption of a joint statement by Asean Ministers of Law on the Empowerment of International Commercial Arbitration and Mediation, symbolising Asean nations' commitment to legal reform.
'This further strengthens cooperation, reflecting Asean's core vision based on the rule of law for sustainable economic growth and regional integration,' she added.
Prime Minister Datuk Seri Anwar Ibrahim is scheduled to deliver the keynote address at the forum on Aug 21.
Azalina said the forum marks a new chapter in the efforts of the Legal Affairs Division of the Prime Minister's Department to strengthen the nation's legal framework, in line with Malaysia's chairmanship of Asean this year.
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