When the Malaysian Anti-Corruption Commission (Amendment) Act 2018 was passed by Parliament in April 2018, all eyes were on the most notable amendment made which introduced the corporate liability provision in Malaysia. The new section 17A of the Malaysian Anti-Corruption Commission Act (“the MACC Act”) allows for a company to be prosecuted for corrupt conduct […]
READ MORE >Our partner, Victoria Loi was a panellist at the Regional Arbitral Institutes Forum (RAIF) Conference that was held in Bandar Seri Begawan, Brunei on December 6, 2019 where she spoke during the session on the Singapore Convention and the interplay between arbitration and mediation. The conference was hosted by RAIF member, Arbitration Association Brunei Darussalam […]
READ MORE >No Extension of Time for Housing Developers On 14.5.2019, the Federal Court heard 6 appeals brought by the buyers and the developer of a development known as Kondo Sri Istana (“the Project“). The appeals concerned the decision of the Controller of Housing (“the Controller“) in granting an extension of time to the developer, for its […]
READ MORE >Shook Lin and Bok’s Chief Executive Partner, Michael Soo, received a token of appreciation from the Chief Justice of Malaysia, Tan Sri Tengku Maimun Tuan Mat, for sponsoring a session at the National Litigation Conference held recently on November 30, 2019. The event was graced by, amongst others, the Chief Justice, the acting President of […]
READ MORE >The firm is delighted to have had the opportunity to host and conduct a training course for delegates from the Japan Institute of Patent Attorneys on 29th November 2019. Our partners, Mr Michael Soo and Ms Wendy Lee, as well as our associates from the Intellectual Property Department, enjoyed a meaningful session discussing intellectual property […]
READ MORE >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 […]
READ MORE >Latent defects, which are defects that cannot be discovered by reasonable inspection or testing (see: Sigma Elevator v. Isyoda [2015] 1 LNS 1363), often only surface years after completion or occupation of a building. Unsurprisingly, a recurring question that surrounds latent defects is that of limitation. Prior to 1.9.2019, the limitation period for bringing an […]
READ MORE >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 […]
READ MORE >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) […]
READ MORE >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 […]
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