CEO'S MESSAGE
Dear Friends of Labuan,
Happy Lunar New Year! The Ox, the animal sign for this lunar
year is known to be tough and sturdy, both traits we will all need
to meet the challenges from this pandemic. So, here's hoping we
all enjoyed the festivities, even if it was via a Zoom call, as we
truly have much to be thankful for.
I hope you will make some time to read our article for the
month, as it dissects a recent landmark ruling by the Federal Court
of Malaysia reaffirming that Labuan FSA's Guidance carries the
force of law for all matters relating to our financial centre.
Please also do join us on a panel we led at the 30th Edition of
the
World Captive Forum 2021, which for the first time will
feature developments in the Asian captive landscape. This is the
beauty of virtual events, as it now allows us a wider geographical
reach, in this instance allowing Labuan IBFC exposure in the North
America.
