Cross-Border Insolvency Among Highlights At ASEAN Law Forum 2025

KUALA LUMPUR, Aug 4 (Bernama) -- The issue of cross-border insolvency is set to be one of the main highlights at the ASEAN Law Forum (ALF) 2025, which will be held at the Kuala Lumpur Convention Centre from August 19 to 21.

Minister in the Prime Minister's Department (Law and Institutional Reform)  Azalina Othman Said said cross-border insolvency is seen as a solution to business-related issues, leveraging alternative dispute resolution mechanisms, rather than relying solely on court proceedings.

“When ASEAN countries cooperate with each other, (whether involving) companies or governments, and encounter obstacles in certain matters, they can turn to international platforms for mediation or cross-border insolvency,” she told reporters at the ALF 2025 pre-launch ceremony at the Parliament building Monday. 

The forum, which will bring together international law experts and practitioners, is expected to address regional and international legal issues such as international mediation, online security, cybercrime, human rights in business, and reforms in criminal and commercial law.

Azalina also highlighted that the forum will witness the adoption of a joint statement by ASEAN Ministers of Law on the Empowerment of International Commercial Arbitration and Mediation, symbolising ASEAN nations’ commitment to legal reform.

"This further strengthens cooperation, reflecting ASEAN's core vision based on the rule of law for sustainable economic growth and regional integration,” she added.

Malaysian Prime Minister Anwar Ibrahim is scheduled to deliver the keynote address at the forum on August 21.

Azalina also added that the forum marks a new chapter in the efforts of the Legal Affairs Division of the Prime Minister’s Department in strengthening the nation’s legal framework, in line with Malaysia’s chairmanship of ASEAN 2025.

-- BERNAMA