Insolvency Act | Act 9 of 2016 — Malawi law | Esheria

Insolvency Act

This section says the Act may be cited as the Insolvency Act.

Jurisdiction
Malawi
Instrument
Act or statute
Citation
Act 9 of 2016
Version
31 Dec 2017
Language
en
Official source
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Statute overview

About this statute

This section says the Act may be cited as the Insolvency Act. This section defines key terms used in the Act. This Act does not apply to financial institutions unless the Financial Services Act says otherwise. This section creates the Director of Insolvency and assigns that office responsibility for administering and applying the Act. The Minister must designate a suitable person or office as the Official Receiver, and the Chief Justice must make rules setting a mandatory threshold and procedure for certain small bankruptcies and voluntary arrangements.

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