July 2022

Law Article
18 July 2022

Everything You Need to Know About Fugitive Recovery Services

You can hire fugitive recovery services for various purposes. In this article, you will learn about the Laws governing fugitive recovery services. You will also learn about their fees and success rates. After reading this article, you will be well-equipped to make a wise decision about hiring a fugitive recovery service. So, what should you know before hiring one? Read on.

Laws governing fugitive recovery agents

There are several laws governing the work of fugitive recovery agents. The law requires surety recovery agents to wear a uniform approved by the state commissioner of public safety. They cannot use a police uniform or give the impression that they are law enforcement officers. A vest bearing the words “Bail Bond Recovery Agent” must be worn by surety recovery agents in Washington state. These laws do not allow surety recovery agents to enter private property without permission.

Federal, state, and local laws govern … Read more

Law
14 July 2022

High Court Decision on Interaction between Judicial Management

The High Court in Exxobrite Sdn Bhd v Value Plus Industries Sdn Bhd (grounds of judgment dated 29 July 2022) dealt with the moratorium effect of a judicial management order and the insolvency repercussions arising from the judicial management process.

Summary of the Decision and Significance
Grounds by: Nadzarin bin Wok Nordin J

The company, Value Plus, was placed into judicial management. As part of the judicial management process, the judicial manager had carried out the proof of debt exercise and drew up the judicial manager’s Statement of Proposal. The creditor, Exxobrite, had its debt admitted in the judicial management process.

While the judicial management order was still subsisting, Exxobrite issued a winding up statutory demand for the sum of approximately RM73,000.00.

Subsequently, Exxobrite filed a winding up petition based on both section 466(1)(a) and 466(1)(c) of the Companies Act 2016 (CA 2016). Section 466(1)(a) is

… Read more
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