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(Part 1 of 4) By Gopal Sundaram
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(Part 1 of 4)
By Gopal Sundaram
Jan 2013
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Shook Lin & Bok Malaysia Legal Update Issue 1 2012
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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.
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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.
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The Construction Industry Payment and Adjudication Act of Malaysia
received royal assent and became law on 18th June 2012.
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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.
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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.
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The announcement of the Malaysia Airlines (MAS)-AirAsia collaboration on 9 August 2011 was questioned by many quarters.
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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.