Well the update mentions that there are frozen assets worth 8 million RM.
That equates to approx 2.4 Million US$

Considering what PIPS should have been worth when it closed , those assets are the preverbial "peanuts".

By the time Lawyers and the court costs have been deducted, there will be little left. So in my opinion it would be a pretty pointless exercise to tray and hire a lawyer.

Any assets left out side of Malaysia are unlikely to be found.

just my opinion