Morrison & Foerster LLP (JD Supra Malaysia)
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 from taking part in an ongoing (likely Malaysian-seated) arbitration, in order to allow the non-part
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 approved by the Cabinet Special Committee on Anti-Corruption – include a requirement that companies listed
A New Era of International Arbitration in Malaysia? The Kuala Lumpur Regional Centre for Arbitration to Become the Asian International Arbitration Centre.
On February 7, 2018, a signing ceremony took place between Malaysian Minister Azalina Othman Said and the Secretary-General of the Asian-African Legal Consultative Organization (AALCO) Kennedy Gastorn for an agreement to officiate the name change of the Kuala Lumpur Regional Centre for Arbitration (KLRCA) to the Asian International Arbitration Centre (AIAC). The signing ceremony comes...