Rehabilitation of abandoned housing projects of liquidated housing-developer-companies: a comparative legal analysis between the position in Malaysia and in The United Kingdom

Although the Malaysian government has enacted law and formulated policies to govern the housing industry since it achieved Independence in 1957, abandoned housing projects remain a recurrent problem until today. The real victims are the purchasers themselves. When a housing developer company is woun...

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Main Authors:	Md Dahlan, Nuarrual Hilal, Syed Abdul Kader , Sharifah Zubaidah
Format:	Article
Language:	English
Published:	LexisNexis 2012
Subjects:	KD England and Wales KPG Malaysia
Online Access:	http://irep.iium.edu.my/28135/ http://irep.iium.edu.my/28135/1/Malayan_Law_Journal.pdf

id	iium-28135
recordtype	eprints
spelling	iium-281352013-04-21T13:55:02Z http://irep.iium.edu.my/28135/ Rehabilitation of abandoned housing projects of liquidated housing-developer-companies: a comparative legal analysis between the position in Malaysia and in The United Kingdom Md Dahlan, Nuarrual Hilal Syed Abdul Kader , Sharifah Zubaidah KD England and Wales KPG Malaysia Although the Malaysian government has enacted law and formulated policies to govern the housing industry since it achieved Independence in 1957, abandoned housing projects remain a recurrent problem until today. The real victims are the purchasers themselves. When a housing developer company is wound up, the affair and business of the company of the company are taken over either by the private liquidator or provisional liquidator or the official receiver ('OR') under the Department of Insolvency. The liquidator may rehabilitate the abandoned projects left by the wound up housing developer companies, if the projects are viable for rehabilitation with the approval of the creditors, contributories, the committee of inspection and the court and where there are adequate funds to finance the rehabilitation. Otherwise, if the project is not viable, particularly because there are insufficient funds to run the rehabilitation or the problems of the abandoned housing projects are to complicated, the projects may be stalled forever without any prospects for rehabilitation, to the detriment of the purchaser. The position in the United Kingdom ('UK') in respect of similar issues is also comparatively analysed. At the end of this paper, the authors propose certain suggestions in facing the problems of abandoned housing projects of wound up housing developer companies and rehabilitation in Malaysia and in the United Kingdom. LexisNexis 2012 Article PeerReviewed application/pdf en http://irep.iium.edu.my/28135/1/Malayan_Law_Journal.pdf Md Dahlan, Nuarrual Hilal and Syed Abdul Kader , Sharifah Zubaidah (2012) Rehabilitation of abandoned housing projects of liquidated housing-developer-companies: a comparative legal analysis between the position in Malaysia and in The United Kingdom. Malayan Law Journal, 4. cxvii-cliv. ISSN 0025-1283
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	KD England and Wales KPG Malaysia
spellingShingle	KD England and Wales KPG Malaysia Md Dahlan, Nuarrual Hilal Syed Abdul Kader , Sharifah Zubaidah Rehabilitation of abandoned housing projects of liquidated housing-developer-companies: a comparative legal analysis between the position in Malaysia and in The United Kingdom
description	Although the Malaysian government has enacted law and formulated policies to govern the housing industry since it achieved Independence in 1957, abandoned housing projects remain a recurrent problem until today. The real victims are the purchasers themselves. When a housing developer company is wound up, the affair and business of the company of the company are taken over either by the private liquidator or provisional liquidator or the official receiver ('OR') under the Department of Insolvency. The liquidator may rehabilitate the abandoned projects left by the wound up housing developer companies, if the projects are viable for rehabilitation with the approval of the creditors, contributories, the committee of inspection and the court and where there are adequate funds to finance the rehabilitation. Otherwise, if the project is not viable, particularly because there are insufficient funds to run the rehabilitation or the problems of the abandoned housing projects are to complicated, the projects may be stalled forever without any prospects for rehabilitation, to the detriment of the purchaser. The position in the United Kingdom ('UK') in respect of similar issues is also comparatively analysed. At the end of this paper, the authors propose certain suggestions in facing the problems of abandoned housing projects of wound up housing developer companies and rehabilitation in Malaysia and in the United Kingdom.
format	Article
author	Md Dahlan, Nuarrual Hilal Syed Abdul Kader , Sharifah Zubaidah
author_facet	Md Dahlan, Nuarrual Hilal Syed Abdul Kader , Sharifah Zubaidah
author_sort	Md Dahlan, Nuarrual Hilal
title	Rehabilitation of abandoned housing projects of liquidated housing-developer-companies: a comparative legal analysis between the position in Malaysia and in The United Kingdom
title_short	Rehabilitation of abandoned housing projects of liquidated housing-developer-companies: a comparative legal analysis between the position in Malaysia and in The United Kingdom
title_full	Rehabilitation of abandoned housing projects of liquidated housing-developer-companies: a comparative legal analysis between the position in Malaysia and in The United Kingdom
title_fullStr	Rehabilitation of abandoned housing projects of liquidated housing-developer-companies: a comparative legal analysis between the position in Malaysia and in The United Kingdom
title_full_unstemmed	Rehabilitation of abandoned housing projects of liquidated housing-developer-companies: a comparative legal analysis between the position in Malaysia and in The United Kingdom
title_sort	rehabilitation of abandoned housing projects of liquidated housing-developer-companies: a comparative legal analysis between the position in malaysia and in the united kingdom
publisher	LexisNexis
publishDate	2012
url	http://irep.iium.edu.my/28135/ http://irep.iium.edu.my/28135/1/Malayan_Law_Journal.pdf
first_indexed	2023-09-18T20:41:37Z
last_indexed	2023-09-18T20:41:37Z
_version_	1777409403175043072

Rehabilitation of abandoned housing projects of liquidated housing-developer-companies: a comparative legal analysis between the position in Malaysia and in The United Kingdom

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