JD Supra Malaysia

Publisher:
JD Supra
Publication date:
2019-04-29

Publisher

Latest documents

  • Establishing A Business Entity In Malaysia (Updated)

    Methods of conducting business in Malaysia - In Malaysia, business may be conducted in the following manner: - (a) by an individual operating as a sole proprietor; or (b) by two or more (but not more than 20) persons in partnership; or (c) by a limited liability partnership (LLP); or (d) by a locally incorporated company or by a foreign company registered under the Companies Act, 2016 (“Act”). A company is a legal entity separate from its members or shareholders. The shareholders cannot be held liable for the debts of a company unless they personally guarantee the debts or loans of the company. According to the Act, a company must be registered with the Companies Commission of Malaysia (“CCM”) to engage in any business activity. Please see full Chapter below for more information.

  • New and improved? Corporate liability for corruption in Malaysia

    SEA View, Article XV: May 2021 - Section 17A of the Malaysian Anti-Corruption Commission Act raises the possibility of corporate liability for corruption in addition to personal liability for board and senior management members involved. The provision, which came into force mid-last year (2020), was invoked for the first time in March 2021. This article sets out implications for international businesses operating in Malaysia. Please see full Publication below for more information.

  • Establishing A Business Entity In Malaysia (Updated)

    Methods of conducting business in Malaysia - In Malaysia, business may be conducted in the following manner: - (a) by an individual operating as a sole proprietor; or (b) by two or more (but not more than 20) persons in partnership; or (c) by a limited liability partnership (LLP); or (d) by a locally incorporated company or by a foreign company registered under the Companies Act, 2016 (“Act”). A company is a legal entity separate from its members or shareholders. The shareholders cannot be held liable for the debts of a company unless they personally guarantee the debts or loans of the company. According to the Act, a company must be registered with the Companies Commission of Malaysia (“CCM”) to engage in any business activity. Please see full Chapter below for more information.

  • Optimising and maximising exit valuations through Seller's due diligence

    Prior to permitting access to a potential Buyer to perform an investigative due diligence review, a Seller who desires to optimise the outcome of the sale would be wise to perform a pre-emptory self-due diligence first. There are a few key reasons how this could be pivotal leading to either an outcome of a sale of enhanced premium to the Seller – or in the alternative, the Buyer abandoning the sale. In this article, we analyse the importance of carrying a Seller’s due diligence.

  • Malaysia: Q&A - Employer COVID-19 Vaccination Policies

    World Law Group asked its member firms around the globe to provide some insight on employer and employee rights when it comes to requiring the COVID-19 vaccine to return to work.

  • Charity in times of COVID-19: A guide to more impactful giving

    In these unprecedented times, as we all band together to #kitajagakita, it has been heartening to see the willingness of Malaysians to come together to feed the underserved, support local enterprises and generously donate to charities.

  • Goldman Sachs settles investigation into 1MDB scandal with USD 2.8 billion payment

    Report on Supply Chain Compliance 3, no. 21 (October 29, 2020) - Goldman Sachs has agreed to pay a penalty of USD 2.2 billion for its role in the robbing of 1Malaysia Development Berhad (1MDB), a Malaysian development fund meant to improve infrastructure and living standards for millions of Malaysians. The bank’s Asian offices, run by the chief executive David Solomon, helped sell billions in bonds for the fund. The bank also assisted in money laundering and bribed officials, including the former first lady of Malaysia. Some of Goldman Sachs employees also profited from the illicit deals and have been since charged in U.S. courts.

  • Message from the Managing Partner - Embracing the “New Dynamic”

    The COVID-19 pandemic and the resultant lockdown, restricted movement orders, social distancing rules and the switch to working from home adopted by many organisations in Malaysia as well as the rest of the world has caused many to rethink the way we do business. While there are some who yearn for the “old normal” or talk about the “new normal” – whatever those terms really mean – the reality is that the way we conduct our business has changed dramatically. Literally almost overnight. In other words, the pandemic has forced not a mere evolution, but a revolution, in the way the business world operates.

  • Littler Global Guide - Malaysia - Q4 2019

    Additional Categories under the Self-Employment Social Security Fund - New Order or Decree - The First Schedule to the Self-Employment Social Security Act 2017 will be amended effective January 1, 2020, to include another 18 categories of self-employed persons who are required to make mandatory contributions to the Self-Employment Social Security Fund.

  • Highlights of the amendments to Malaysia's Trademarks Act

    Malaysia’s Trademarks Act 2019 (New Act) recently came into force on 27 December 2019. This is a significant milestone as the New Act introduces several substantial and long-awaited changes to the trade mark legislation in Malaysia and aligns Malaysia’s trademark system with current international standards.

Featured documents

  • Malaysia seeks to expand personal data protection

    Malaysia will soon be joining the growing number of global jurisdictions that are adding specific data breach notification requirements to companies operating in Malaysia, re-emphasizing the need for multinational companies to have a global regulatory strategy when it comes to privacy and...

  • Optimising and maximising exit valuations through Seller's due diligence

    Prior to permitting access to a potential Buyer to perform an investigative due diligence review, a Seller who desires to optimise the outcome of the sale would be wise to perform a pre-emptory self-due diligence first. There are a few key reasons how this could be pivotal leading to either an...

  • Asia-Pacific Outsourcing Trends to Watch in 2019

    Forbes has listed its top outsourcing trends in the Asia-Pacific (APAC) region for 2019. The APAC region has long been the dominant region for outsourcing, although it is facing competition from emerging outsourcing markets in other regions. Trends include the growing presence of outsourcing in...

  • Establishing A Business Entity In Malaysia (Updated)

    Methods of conducting business in Malaysia - In Malaysia, business may be conducted in the following manner: - (a) by an individual operating as a sole proprietor; or (b) by two or more (but not more than 20) persons in partnership; or (c) by a limited liability partnership (LLP); or (d) ...

  • Cutting through the noise: Infrastructure in Asia-Pacific 2019 - Risky business

    The rewards for infrastructure investors in APAC can be lucrative, but the region is not without its risks—particularly political ones - Results from our survey are remarkably consistent on the challenges and risks faced by infrastructure projects across the region. Nearly two-thirds (59 per...

  • New and improved? Corporate liability for corruption in Malaysia

    SEA View, Article XV: May 2021 - Section 17A of the Malaysian Anti-Corruption Commission Act raises the possibility of corporate liability for corruption in addition to personal liability for board and senior management members involved. The provision, which came into force mid-last year (2020),...

  • Establishing A Business Entity In Malaysia

    Methods of conducting business in Malaysia - In Malaysia, business may be conducted in the following manner: - (a) by an individual operating as a sole proprietor; or (b) by two or more (but not more than 20) persons in partnership; or (c) by a limited liability partnership (LLP); or ...

  • Littler Global Guide - Malaysia - Q1 2019

    New applications for Category 3 expatriate employment passes for jobs paying below RM5,000 will now be accepted only on a case-by-case basis with priority given to technical jobs, said the Immigration Department....

  • Your Global Workforce in Malaysia

    Malaysia is both exotic and magical, and we want to ensure that the management of your global workforce in Malaysia is in compliance with all employment and labor laws. The key statutory authorities governing employment and labor law in Malaysia include Employment Act of 1955 (“Employment Act”) in ...

  • Littler Global Guide - Malaysia - Q2 2019

    Fees for Employment Pass, Visit Pass for Temporary Employment, and Work Pass - New Order or Decree - The Fees (Employment Pass, Visit Pass (Temporary Employment) and Work Pass) (Amendment) Order 2019 (Order 2019) was published on April 30, 2019, and came into effect on April 30, 2019. ...

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