News

On 8 November 2019, Bank Negara Malaysia (BNM) issued its Framework for Electronic Trading Platforms (“Framework”) which came into effect on 11 November 2019. This Framework effectively supersedes BNM’s Guidelines on Electronic Broking System by Licensed Money Brokers issued on 1 August 2005. The Framework applies to the following market participants in the wholesale financial […]

Section 30 of the Construction Industry Payment & Adjudication Act 2012 (CIPAA) generally enables a successful party in an adjudication to obtain payment from the principal of an unsuccessful party. For instance, if a subcontractor (as the successful party) has obtained an adjudication decision in its favour but the main contractor (as the unsuccessful party) […]

Shook Lin & Bok is pleased to announce the launch of its new Department which is spearheading the Firm’s Regulatory Compliance and Enforcement Practice. As one of the oldest firms in Malaysia, the Firm has a long-standing reputation in serving its corporate clients by advising them in many aspects of compliance and governance matters. The […]

The Companies Commission of Malaysia (“Commission”) has announced the introduction of a new 12-digit format for registration numbers for companies, businesses and limited liability partnerships. The implementation of the new format, which took effect on 11 October 2019, is in line with the government’s initiative to adopt a single registration format for all business entities […]

On 21.10.2019, in the case of  RHB Bank Berhad v Dato’ Haji Muhammad bin Hamzah, the Federal Court allowed the appeal by RHB Bank Berhad and laid down the principle that a land chargee is not time-barred from pursuing any further attempts to auction the charged land, more than 12 years AFTER the date of […]