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It has been another quiet year for Malaysian lawyers, which is attributable to the consistently weak Ringgit, which remains under pressure from low commodity prices, and to the anxiety caused by allegations of corruption at the highest levels of government. A few wily foreign investors, especially private equity houses, have sought to take advantage of the situation by buying up undervalued assets but this has not been enough to offset the general slowdown.
Perhaps the most significant transaction this year was China General Nuclear Power Corporation’s acquisition of 1MDB’s energy assets. Skrine acted for the buyers while Rahmat Lim & Partners was instructed on the sell–side.
Capital markets has been especially slow; while a number of significant IPOs were proposed, few were completed. Those companies that did list successfully tended to do so in Hong Kong or Singapore rather than in Malaysia. Sukuk issuances continued to form the lion’s share of financial services work.
Despite the standstill in the market, October 2015 witnessed the emergence of Putri Norlisa Chair, founded by Putri Norlisa Najib, Adrian Chair and Constance Low, formerly of Kadir Andri & Partners. In other developments, Deepak Pillai and Intan Haryati joined Christopher & Lee Ong following a merger between that firm and their eponymous IT boutique.
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Recognising in-house innovation, quality and excellence, the GC Powerlist: Australia and New Zealand identifies an array of the most influential and innovative in-house counsel working in these two jurisdictions.
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(Part 1 of 4) By Gopal Sundaram
(Part 1 of 4) By Gopal Sundaram Jan 2013
The Employment (Amendment) Act 2012 received royal assent and became law on 30th January 2012. It has now come into operation since 1st April 2012.
Malaysian companies continue to make waves internationally by acquiring large companies abroad. Leveraging on the European debt crisis and the weak dollar, these companies have boldly made their mark on a global scale with impressive deals. Cross-border acquisitions are increasing trend in the Asian economic hot spots, with companies in China and India spearheading it. The consistently strong uptrend in foreign acquisitions and the increasing success of the same by China and India for the past few years has spurred growing interests of Southeast Asian companies to extend their reach to other continents.
The Construction Industry Payment and Adjudication Act of Malaysia received royal assent and became law on 18th June 2012.
PRESUMPTION OF GUILT – REMEDY OR JEOPARDY? Netizens in Malaysia now share a common fear and feeling of uneasiness following the swift passing of the Evidence (Amendment) (No.2) Bill 2012 in May 2012, which amends the Evidence Act 1950.
Malaysia’s Felda Global Ventures Holdings Berhad (“FGVH”) is a global agricultural and agri-commodities company, with operations in ten countries across the globe. According to Frost & Sullivan Malaysia Sdn Bhd, FGVH is the third largest oil palm plantation operator in the world based on planted hectarage in 2011. FGVH currently operates 343,521 hectares of oil palm plantation estates in Malaysia that produced 5.2 million metric tonne of fresh oil palm fruit bunches in 2011.
The announcement of the Malaysia Airlines (MAS)-AirAsia collaboration on 9 August 2011 was questioned by many quarters.
Money Services Business Act 2011 (the “Act”) is an act to provide for the licensing, regulation and supervision of money services business. The Act defines money services business as money-changing business, remittance business and whole sale currency business.
Since 2010, Malaysia has been involved in the Trans-Pacific Partnership (“TPP”) talks along with Australia, Brunei, Chile, New Zealand, Peru, Singapore, United States and Vietnam. The proposed partnership represents the latest multilateral free trade agreement that aims to further liberalise the economies of the Asia-Pacific region.
KFTC Enhances the Predictability and Clarity of Decisions but Potentially Increase the Overall Administrative Fine Levels- Lee & Ko
For immediate release | London 09 January 2017
If the object of a sale exhibits defects, the buyer can refuse to pay the purchase price until the defects have been removed. That was the verdict of the Bundesgerichtshof (BGH), Germany’s Federal Court of Justice, in its ruling of October 26, 2016 (Az.: VIII ZR 211/15).
Baker & Partners has welcomed its newest team member, Director of Regulation Debbie Sebire .
A notice of dismissal with the option of altered conditions of employment terminates the employment relationship as constituted based on the conditions in place up until that point in time. At the same time, an offer is made to continue the employment relationship with revised conditions.
Even the best of families has arguments, and the same is true for shareholders of a GmbH. Having said that, a ruling of the Oberlandesgericht (OLG) München [Higher Regional Court of Munich] demonstrates that a shareholder’s fiduciary duty does not apply in every case.
Goltsblat BLP, the Russian practice of the international law firm Berwin Leighton Paisner (BLP), advised on the acquisition by Rossium group of companies of a 90.99% stake in ONEXIM's PJSС OPIN. The purchaser’s beneficiary is Credit Bank of Moscow majority shareholder Roman Avdeev.
STA Law Firm is pleased to announce its footprint within the Kingdom of Saudi Arabia with the law firm of Al Suwaiket & Al Busaies.
12 January, 2017
The legal provisions pertaining to labour leasing, also referred to as temporary employment or subcontracted work, are being shaken up.