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Raymond Yong

Work +603 2299 3810
Rahmat Lim & Partners

Work Department

Competition & Antitrust, FinTech, Regulatory & Compliance, Technology, Media & Telecommunications


Raymond is a Partner and Head of the Firm's Regulatory & Compliance Department.


Raymond regularly deals with the Malaysia Competition Commission (MyCC) and represents clients in investigations, the lodgement of complaints, and leniency applications. He has appeared before the Competition Appeal Tribunal in an appeal against a finding by the MyCC of an abuse of a dominant position and also represented a trade association on its exemption application to the MyCC.

He also advises clients on compliance with the Personal Data Protection Act 2010, and has led several projects that involve exploring and charting business processes of clients.

Raymond advises financial institutions, in particular banks, payment system operators and payment instrument issuers, on the licensing and regulatory aspects of their businesses.

He is recognised as a Leading Individual in Competition and Antitrust by The Legal 500 Asia Pacific and by Chambers Asia-Pacific which noted his "very sound knowledge”. He is also recommended by Global Competition Review for competition work.


English and Bahasa Malaysia.


Raymond graduated with a Bachelor of Commerce and an LL.B. degree from The University of Melbourne, Australia and was admitted to the Malaysian Bar in 2002.


Antitrust and competition

Within: Leading individuals

Raymond Yong - Rahmat Lim & Partners

Within: Antitrust and competition

Especially active in cartel investigations and other abuse of market dominance work, Rahmat Lim & Partners' practice has longstanding antitrust experience in a wide range of sectors. Group head Raymond Yong acted for MyEG Services in its appeal against MyCC's decision to impose a RM2m fine on the company for applying different trading conditions to equivalent transactions. The department also acts for foreign multinationals on a wide range of matters. Senior associate Penny Wong is highly active in competition work.

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Legal Developments in Malaysia

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Call for AML Regulation for Cryptocurrencies

    Ever since the creation of Bitcoin, cryptocurrencies have been applauded and welcomed for constituting an innovative method of payment without any recourse to financial institutions and their entailing bureaucracy.  While honest individuals rejoiced at cryptocurrencies’ legitimate benefits; ranging from an increased degree of privacy and confidentiality to less transactional costs, cybercriminals saluted the decentralised networks and perceived anonymity behind cryptocurrencies for presenting them with the perfect crypto cleansing opportunity to launder money in an unprecedented and largely unregulated sector in the financial industry.
  • Office for Competition Issues its First Commitments Decision

    The Office for Competition has adopted what appears to be its first commitments decision, in a case where it raised concerns about exclusivity agreements lasting for five years or more.
  • The Financial Services Act 2012

    (Part 1 of 4) By Gopal Sundaram
  • The Islamic Financial Services Bill 2012

    (Part 1 of 4) By Gopal Sundaram Jan 2013
  • Amendments to the Employment Act 1955

    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 Corporations Making Headway in the Global M&A Scene

    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.
  • Adjudication in Malaysia – the Construction Industry Payment and Adjudication Act 2012

    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.
  • FGVH's IPO - Second Largest in the World after Facebook

    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.
  • Competition...Friend or Foe?

    The announcement of the Malaysia Airlines (MAS)-AirAsia collaboration on 9 August 2011 was questioned by many quarters.