21 May 2021 – The Edge Malaysia reported on the Orders for the listed Alam Maritim Resources Berhad and Alam Maritim (M) Sdn Bhd to proceed with court convened meetings for a scheme of arrangement.

As reported, High Court Judicial Commissioner Adlin Abdul Majid granted the orders via a virtual hearing. The orders were granted pursuant to Section 366 of the Companies Act 2016, which is a statutory mechanism that provides relief for companies to propose a compromise with its creditors instead of being wound up.

Lee Shih and Pang Huey Lynn act for Alam Maritim in these scheme of arrangement proceedings.