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The Malaysian government took steps to liberalise its legal market to allow foreign firms to open offices and form joint ventures with local firms. These measures, which came into effect in June 2014, signal a definitive step towards developing a more competitive market; as certain restrictions remain in place, it remains unclear what the likely impact will be.
Local firms continue to enter into foreign alliances with other players in the region, particularly in Singapore, while mid-sized firms are exploring the merger route. No clear leader has broken out among the biggest firms, although those with close ties to the government tend to act on the most sizeable deals. Notable lateral moves include disputes lawyer Nahendran Navaratnam leaving Kadir Andri & Partners to set up Navaratnam Chambers in September 2013. Tay & Partners lost a team of IP lawyers, including Linda Wang, to Zaid Ibrahim & Co in April 2014.
Thirty Nine Essex Street is set to open an office at the Kuala Lumpur Regional Centre for Arbitration (KLRCA) in October 2014, making it the first UK chambers to have a presence in the jurisdiction. This is partly a response to the recent boom in arbitration cases in Malaysia, which has been driven by steady economic growth, increased court efficiency and a government keen to promote the KLRCA as a regional hub and as a cost-effective alternative to Singapore.
Firms are gearing up for the implementation of the Goods and Services Tax (GST) in 2015, while the Personal Data Protection Act, which came into force in 2013, is keeping lawyers busy on compliance matters. The Construction Industry Payment and Adjudication Act 2012 (CIPA) came into operation in April 2014, introducing a new method of resolving construction disputes.
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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.
Danos & Associates will participate as a sponsor at the China Offshore Summit in Shenzhen, China. The conference will take place May 27-28th at the Grand Hyatt. Our firm will be represented by our Managing Partner, Alexios Danos, and Thomas Cheung who is one of our representatives in Beijing.
At the IFLR European Awards on 16 April 2015 in London, Bär & Karrer repeated last year's success by again winning the title "Swiss Law Firm of the Year".
B&P authored an article for the Italian-Serbian Chamber of Commerce newsletter about subsidizing new investors in Serbia.
7 May 2015
In the middle of April, 2015, a consortium with the leading participation of Popov & Partners Law Office signed an agreement with the Supreme Judicial Council of Bulgaria for assignation of:
In its current Special Edition FOCUS Magazine has published a list of the leading tax law firms in Germany. GSK Stockmann + Kollegen was again honored as a “Leading Tax Law Firm 2015" in the areas of “Reorganisation, Corporate Restructuring and M&A” and received the FOCUS-Award “Leading Tax Law Firm 2015”.
GSK Stockmann + Kollegen freut sich, Herrn Dr. Philipp M. Kuhn mit Wirkung zum Jahresbeginn 2015 in den Kreis der Equity Partner aufzunehmen.
GSK ernennt Local Partner aus den eigenen Reihen in den Bereichen Gesellschaftsrecht und Real EstateGSK Stockmann + Kollegen ernennt auch 2015 Local Partner aus den eigenen Reihen: Andreas Dimmling, im Bereich Gesellschaftsrecht in München, und Oliver Koos, im Bereich Real Estate in Frankfurt, wurden zum 1. Januar 2015 in den Kreis der Local Partner aufgenommen.
Pepeliaev Group’s tax practice (Band 1) has once again been hailed as the best on the Russian market according to the Chambers Europe 2015 international legal ratings. Clients surveyed by the experts of Chambers Europe consider that “the lawyers dig deep to find issues that play a role in the mandate," while the team stands out because it “is flexible and understands clients' needs."
Kyiv, Moscow, Almaty, 18 May 2015 - CLACIS , a competition law advisory which focuses on matters concerning competition law and compliance in Ukraine, Russia and Kazakhstan announces its opening.