Liquidators Duties And Limitations: Lessons From Genisys Integrated vs UEM Genisys

The realm of corporate liquidation can be complex. In this complex arena, the roles and responsibilities of liquidators are critical in distributing assets and resolving debts. In the recent decision of Genisys Integrated Engineers Pte Ltd v UEM Genisys Sdn Bhd [2023] 3 MLJ 627 the Federal Court sought to shed light on the duties and limitations on the powers of liquidators. The decision emphasised the importance of adhering to written contractual provisions that place restrictions on their power to set off debts. This article explores the key findings of the case to provide valuable insights for both liquidators and creditors involved in the winding-up process.

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