Friday, 23 February 2018
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malaysia - Corporate & Commercial

Appeals Court strikes out Khairy's Notice of Appeal

PUTRAJAYA, Feb 19 (Bernama) - The Court of Appeal today struck out the notice of appeal filed by Youth and Sports Minister Khairy Jamaluddin in a defamation lawsuit in which he was ordered to pay RM150,000 in general damages to Datuk Seri Anwar Ibrahim. A three-man bench comprising justices Datuk Tengku Maimun Tuan Mat, Puan Sri Zaleha Yusof a ...
Date: 19 February 2018; Type: Legal News; Source: Bernama

High Court dismisses Ronasutra Cosmetics' Appeal over RM265,000 Payment to Vanidah

KUALA LUMPUR, Feb 19 (Bernama) - The High Court today dismissed an appeal by a manufacturer of Ronasutra cosmetics to set aside a lower court decision in ordering it to pay RM265,000 to actress Vanidah Imran as payment for the balance of contract between both parties.
Date: 19 February 2018; Type: Legal News; Source: Bernama

‘Notification of Change in The Register Of Directors, Managers, And Secretaries’ under Section 58 Of The Companies Act 2016 Through Mycoid2016 Portal

The Companies Commission of Malaysia (SSM) today announced the implementation of the lodgement of the ‘Notification of Change Particulars of Officers’ (“CPO”) under section 58 of the Companies Act 2016 through the MyCoID2016 Portal.
Date: 07 February 2018; Type: Legal News; Source: Companies Commission

Cabinet to endorse Malaysia joining CPTPP - Mustapa

KUALA LUMPUR, Feb 8 (Bernama) - The cabinet is expected to give its formal endorsement for Malaysia to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) soon, says International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
Date: 08 February 2018; Type: Legal News; Source: Bernama

SSM Dakwa Pengarah Syarikat Glitter Summer Sdn Bhd di Bawah Seksyen 364(2) Akta Syarikat 1965

BUTTERWORTH, Feb 5 - Pengarah syarikat Glitter Summer Sdn Bhd iaitu Tan Gin Ling mengaku tidak bersalah di Mahkamah Sesyen Jenayah 1 Butterworth hari ini terhadap satu pertuduhan membuat pernyataan palsu berhubung dengan kenyataan juruaudit iaitu Yee Choon Kong yang mana syarikat Glitter Summer Sdn Bhd tidak pernah melantik Yee Choon Kong sebagai j ...
Date: 05 February 2018; Type: Legal News; Source: Companies Commission

GLCs to give Minimum One Pct of Pre-tax Profits to Social, Environmental Causes

KUALA LUMPUR, Feb 6 (Bernama) - Datuk Seri Najib Tun Razak today announced that all Government-Linked Companies (GLCs) are to contribute at least one per cent of pre-tax profits to social and environmental causes.
Date: 06 February 2018; Type: Legal News; Source: Bernama

Price Control and Anti-Profiteering (Determination of Maximum Retail Price for Petrol and Diesel) (No. 4) Order 2018

This Order comes into operation on 25 January 2018.
Date: 24 January 2018; Type: Federal Subsidiary Legislation; Citation: P. U. (A) 11 of 2018; Source: AGC Federal Gazette

Companies Commission of Malaysia (Amendment of First Schedule) Order 2018

This Order comes into operation on 1 February 2018
Date: 30 January 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 13 of 2018; Source: AGC Federal Gazette

Companies (Amendment) Regulations 2018

These Regulations come into operation on 1 February 2018.
Date: 30 January 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 15 of 2018; Source: AGC Federal Gazette

Ooi Siew Eng @ Ooi Siw Eng and 4 Others v Link Ventures Sdn Bhd and Another Appeal

Date: 15 January 2018; Court: Court of Appeal; Citation: Civil Appeal No. B-02(NCVC)(W)-811-04/2017 & 812-04/2017; Source: Federal Court Registry

Tan Ah Moai and 2 Others v Li Chee Loong

Date: 19 January 2018; Court: Court of Appeal; Citation: Civil Appeal No. J-02(NCVC)(W)-2010-11/2016; Source: Federal Court Registry

BIG Industrial Gas Sdn Bhd v Pan Wijaya Property Sdn Bhd and Another Appeal

Date: 23 January 2018; Court: Court of Appeal; Citation: Civil Appeal No Q-02(W)-809-04/2016 & Q-02(A)-810-04/2016; Source: Federal Court Registry

Price Control and Anti-Profiteering (Marking of Service Charge for Hotel and Restaurant) (Revocation) Order 2018

This Order comes into operation on 25 January 2018.
Date: 23 January 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 9 of 2018; Source: AGC Federal Gazette

Guidelines on Compliance Function for Fund Management Companies

These guidelines set out requirements to be complied with by any person intending to establish or carry out portfolio fund management activities in Malaysia. It aimed at ensuring investor protection and market confidence.
Date: 05 January 2018; Type: Guideline; Source: Securities Commission

Abdul Razak Bin Sheikh Mahmood and 3 Others v Amanah Raya Berhad and 2 Others, and Another Appeal

Date: 15 January 2018; Court: Court of Appeal; Citation: Civil Appeal Nos. W-02(NCC)(W)-547-04/2015 & 541-04/2015; Source: Federal Court Registry

Price Control and Anti-Profiteering (Determination of Maximum Retail Price for Petrol and Diesel) (No. 3) Order 2018

This Order comes into operation on 18 January 2018.
Date: 17 January 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 6 of 2018; Source: AGC Federal Gazette

A Comparative Analysis on the Enforceability of Knock-for-Knock Indemnities in Thailand and the United Kingdom

This note by WAN M. ZULHAFIZ* addresses the issue of enforceability of knock-for-knock indemnities pertaining to bodily injury and death in oilfield service contracts in Thailand.
Date: 01 July 2017; Type: Journal Article; Citation: (2017) 44 (1) JMCL 33; Author: Wan M. Zulhafiz; Source: Journal of Malaysian and Comparative Law

The Companies Act 2016: Key Changes and Challenges

The Companies Act 2016 is a culmination of more than 10 years of Malaysia’s corporate law reform process. This article by LEE SHIH* explains the key changes and challenges contained in the Act.
Date: 01 July 2017; Type: Journal Article; Citation: (2017) 44 (1) JMCL 21; Author: Lee Shih; Source: Journal of Malaysian and Comparative Law

The Regulation of Directors’ Remuneration: An Overview of the Malaysian Position

This article by SUJATHA BALAN* discusses the laws and legal principles that govern the subject of directors’ remuneration in Malaysia. It examines the extent to which the Malaysian courts, companies legislation and shareholders of a company have control over directors’ remuneration and access to information concerning such remuneration. ...
Date: 01 July 2017; Type: Journal Article; Citation: (2017) 44 (1) JMCL 1; Author: Sujata Balan; Source: Journal of Malaysian and Comparative Law

Sumbangan Aneka Sdn Bhd v KNK Development Sdn Bhd and 2 Others

Date: 09 January 2018; Court: High Court of Sabah & Sarawak; Citation: Civil Suit No. KCH-22NCvC-53/9-2016; Source: High Court of Sabah and Sarawak

Industry Updates

DCA is now known as CAAM

PUTRAJAYA, Feb 19 (Bernama) - The Department of Civil Aviation (DCA) has been transformed into the Civil Aviation Authority of Malaysia (CAAM) effective today in line with the government's commitment to spur the nation's aviation industry to greater heights.

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Thailand, Cambodia discuss Nationality Verification for Migrant Workers

PHNOM PENH, Feb 14 (NNT) - Thailand's Labor Minister Adul Sangsingkeo and his Cambodian counterpart Ith Samheng discussed the nationality verification for undocumented migrant workers.

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Singapore RCEP Meeting crucial, says Mustapa

KUALA LUMPUR, Feb 13 (Bernama) - The next Regional Comprehensive Economic Partnership (RCEP) meeting, which will be held at the ministerial level on March 2, 2018, will be a crucial one to discuss the progress of the trade deal.

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Universiti Malaya ranks 46th in Asia

Universiti Malaya (UM) has improved in its ranking from the 59th position last year to 46th this year according to Times Higher Education (THE) Asia University Rankings.

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Court Administrative Assistant charged with assaulting Workmate

TELUK INTAN, Feb 12 (Bernama) - A court clerical and operations administrative assistant was charged in the Magistrate's Court here today with assaulting and using criminal force on a workmate, two years ago.

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Bursa Malaysia announces Half-day and Full-day Trading Closure for CNY

KUALA LUMPUR, Feb 12 (Bernama) - Bursa Malaysia Bhd announces that it will implement a half-day trading closure on the the eve of the Chinese New Year (CNY) on Thursday and all-day closure on Friday.

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UN Offices relocate to Putrajaya

PUTRAJAYA, Feb 7 (Bernama) - The United Nations (UN) offices in Malaysia have been relocated to the country's administrative capital, Putrajaya.

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Malaysia needs to develop Industry 4.0 Roadmap

KUALA LUMPUR, Feb 11 (Bernama) - Malaysia needs to develop its own national roadmap and framework for the fourth industrial revolution (Industry 4.0) to spur collaboration with developed countries in innovation industries.

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MITI eyes 10,000 e-commerce Companies joining DFTZ

KUALA LUMPUR, Feb 8 (Bernama) - The International Trade and Industry Ministry (MITI) is targeting to increase the number of companies coming onboard the Digital Free-Trade Zone (DFTZ) e-commerce platform to about 10,000 by year-end from 1,998 last November.

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KLRCA is now AIAC Malaysia

KUALA LUMPUR, 7 February 2018: The Kuala Lumpur Regional Centre for Arbitration (KLRCA) was officially renamed the Asian International Arbitration Centre (Malaysia) in conjunction with its 40th anniversary. The name change is part of a larger rebranding for the Centre, which aims to further strengthen its regional footprint and global presence. Earlier on 10 Jan 2018, the Arbitration (Amendment) Act 2018 was passed and gazetted to give legal effect to the change of name.

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SUHAKAM on “Federal Court’s decision on Unilateral Conversion”

KUALA LUMPUR, Feb 6 - The Human Rights Commission of Malaysia (SUHAKAM) has endorsed the unanimous decision of the Federal Court in the case of Indira Gandhi on 29 January 2018 which invalidated the unilateral and/or forced religious conversion of minors, in line with the Cabinet decision in 2009. SUHAKAM said it hopes the Court’s decision will now guide with clarity administrative and policy directions to establish coherent and consistent standards for reconciling the principle of the best interests of the child with the Constitutional rights of parents in the exercise of their freedom of religion.

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Malaysia and Singapore to set up Stock Market Trading Link

The Securities Commission Malaysia (SC) and the Monetary Authority of Singapore (MAS) will work together to facilitate the establishment of a stock market trading link between Bursa Malaysia (BM) and Singapore Exchange (SGX) by the end of this year. The trading link will allow investors to trade and settle shares listed on each other’s stock market in a more convenient and cost efficient manner. Retail investors notably will benefit from such a link.

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