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Legal Update

Sections 56 & 57 of the Central Bank Act 2009 held to be Constitutional

On 10.4.2019, the historic 9-member panel of Judges which was convened for the first time in such a large number to hear a constitutional reference of issues, delivered its judgment on whether legislative provisions which allowed the rulings of the Shariah Advisory Council (“the SAC”) are unconstitutional. The Judges included the Chief Justice of Malaysia, […]

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ALB Litigation Law Firm of the Year 2019

  ​​We are delighted to share this triumph with our clients, who have entrusted us to chart the course and solve the complications. We were awarded the ALB Litigation Law Firm of the Year 2019 at the prestigious Asian Legal Business Malaysia Law Awards on 28.3.2019! We thank you for your trust and support. We […]

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Enforcement of Section 241 of the Companies Act 2016

​​Section 241 of the Companies Act 2016 (“CA 2016”) has come into force on 15 March 2019.   With the coming into force of this section, any qualified person who wishes to act as a company secretary is now required to register with the Registrar of Companies (“Registrar”) irrespective of his or her professional background. […]

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Courtesy Visit from the Zhuhai Lawyers Association

Our firm recently hosted a 17-member delegation from the Zhuhai Lawyers Association. The delegation was led by the President of the Zhuhai Lawyers Association, Mr Tian Xue Dong and included committee members of the Association, all of whom are managing partners or senior partners of their respective firms. Both our guests and our partners engaged […]

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Securities Commission Issues Consultation Papers on ICOs and Property Crowdfunding

Securities Commission Public Consultation Papers: (A) Proposed Regulatory Framework for the Issuance of Digital Assets through Initial Coin Offerings (ICOs) and (B) Property Crowdfunding The Securities Commission (“SC”) has, on 6 March 2019, published two consultation papers calling for feedback from the public on the framework to be used for  ICOs and property crowdfunding. We set out brief […]

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Digital Currencies, Digital Tokens, Digital Exchanges and its Operators – the Malaysian Regulatory Landscape

Two recent developments have impacted the Malaysian regulatory landscape in relation to digital assets, digital exchanges and their operators. Digital Currencies and Digital Tokens are Securities Firstly, the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019, which came into force on 15 January 2019, provides that digital currencies and […]

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Reprint of Companies Act 2016

The Companies Commission of Malaysia announced on its website that the Companies Act 2016 (“Act”) has been reprinted as at 1 November 2018, and the same will be the authoritative text of the Act. Minor revisions have been made to the Act by the Commissioner of Law Revision pursuant to Section 14(1) of the Revision of […]

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Limitation period – for applications AFTER Order for Sale

A recent Court of Appeal decision sent waves of consternation amongst financial institutions, when the Court decided that a bank was time-barred from pursuing any further applications to fix a fresh auction date, on the basis that limitation had set in more than 12 years AFTER the date of the Order for Sale. In the […]

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Exchange Traded Funds

Guidelines on Exchange Traded Funds On 26 November 2018, the Securities Commission (“SC”) announced a revision to the Guidelines on Exchange Traded Funds (“Revised Guidelines”) which will pave the way for the issuance of a more diversified range of exchange traded funds (“ETFs”) in Malaysia. The Revised Guidelines, which will come into effect on 2 January […]

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