JD Supra Malaysia

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

Publisher

Latest documents

  • In Transition: Malaysia after the 15th General Elections

    Four months on, the dust from Malaysia’s 15th general elections has settled but many questions have yet to be answered. In the first of our SEAscape series, we take a look at the evolving socio-political landscape in Malaysia, where Anwar Ibrahim is finally Prime Minister after a 25-year-long wait. 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.

  • 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.

Featured documents

  • 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....

  • 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. ...

  • Malaysia Announces Intention to Require Listed Companies to Implement Anti-Corruption Measures

    On 22 July 2019, the Securities Commission Malaysia (the “Securities Commission”) announced that it would implement an action plan to strengthen standards of corporate governance to prevent corruption, misconduct and fraud in Malaysia. The Securities Commission’s recommendations – which were...

  • Malaysian Federal Court and English Court of Appeal Issue Rare Anti-Arbitration Injunctions

    On July 1, 2019, in Jaya Sudhir a/l Jayaram v Nautical Supreme Sdn Bhd & Ors (Federal Court Civil Appeal No. 02(i)-83-09/2018(W)) (“Jaya Sudhir Jayaram”), the Federal Court of Malaysia granted an application by a non-party to an arbitration agreement seeking to restrain the parties to the agreement ...

  • Littler Global Guide - Malaysia - Q3 2019

    The Workers’ Minimum Standard of Housing and Amenities (Amendment) Act 2019 aims to expand the minimum standard of housing and provision of basic facilities for workers in all sectors. The Act received Royal Assent on September 18, 2019, and was published on the official gazette on September 23,...

  • Malaysian authorities widen investigation into Goldman Sachs

    CEP Magazine (November 2019) - Malaysian Attorney General Tommy Thomas filed criminal charges against an additional 17 employees of Goldman Sachs in connection with the 1Malaysia Development Berhad (1MDB) scandal....

  • 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...

  • 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...

  • 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...

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