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On 22nd December 2022, the High Court struck out a class action suit seeking more than RM300 million against our client, a professional trustee company. Our Christopher Foo and Harish Nair acted for the client.

Safe, cost effective and close to home.

Labuan is a financial centre located in Malaysia. The following article discusses its role and features, including tax and trusts regimes.

Trusts and foundations share many similar features. Both have beneficiaries and both vehicles can exist in perpetuity.

These legislative efforts are reminiscent of the development in which common law trust or trust-like arrangements found their way into some civil law countries.

This paper is written against the backdrop of my previous article entitled "Building Legacy on a Foundation, Part I" published in InsightPlus issue of October 2017.

Carolyn Oh, the principal of Carolyn Oh and Co, discusses the importance of control in wealth preservation and how it can be achieved via Labuan Trust and Foundation.

Chua Wei Min, a partner at ZICOLaw and a seasoned industry practitioner lays out the advantages of establishing trusts and foundations in Labuan IBFC, and draws practical comparison with other international financial centres.

Labuan is a Federal Territory of Malaysia and has its own laws and regulations for financial activities carried on within the Labuan International Business and Financial Centre...

Labuan company can open foreign accounts with any banks in Labuan or outside Labuan. However, the account name must be the Labuan company name.