Lenders and Borrowers: What you need to know about the Companies Act 2016

 

In this article, we highlight certain aspects of the Companies Act 2016 (“CA 2016”) that have implications for Lenders and Borrowers.

A) Execution of documents: common seal is optional

Section 61 of CA 2016 now provides that a company may, but does not need to have the common seal.

Continue reading “Lenders and Borrowers: What you need to know about the Companies Act 2016”

Madrid Protocol: Multi-country trade mark applications are on the horizon

 

One application = trade mark protection in multiple countries. It is only a matter of time before business owners can avail themselves of the harmonized process under the Madrid Protocol.

Malaysian business owners who want to expand beyond the country into other markets and to protect their trade mark in the process, would no doubt have been told that they would have to file separate applications in each country of interest. This would involve engaging the services of trade mark agents in the respective countries, and the costs and time involved in overseeing and coordinating the various applications would have added to the burden of expansion.

There is however, an alternative procedure available on the horizon, when Malaysia accedes to the Madrid Agreement Concerning the International Registration of Marks (“Madrid Protocol”).

Continue reading “Madrid Protocol: Multi-country trade mark applications are on the horizon”

Legislation Update – Bankruptcy (Amendment) Bill 2016 passed by Dewan Rakyat

 

The Bankruptcy (Amendment) Bill 2016 was passed by the lower house of Parliament in March 2017. The next step will be for it to be passed by the Dewan Negara before it receives Royal Assent.

Continue reading “Legislation Update – Bankruptcy (Amendment) Bill 2016 passed by Dewan Rakyat”

Update: Bursa Malaysia is Reviewing the Listing Requirements

 

In view of the coming into force of the Companies Act 2016, Bursa Malaysia had, in March 2017, issued a consultation paper to seek public feedback on its proposed review of Listing Requirements for ACE and Main Markets

According to Bursa, the key areas of review under the Listing Requirements include the following:

Continue reading “Update: Bursa Malaysia is Reviewing the Listing Requirements”

Legislation Update – Amendments to the Solicitor’s Remuneration Order

 

The Solicitors’ Remuneration (Amendment) Order 2017 (“SRAO”) has been gazetted and came into effect on 15th March 2017. The SRAO increases the rate of the scale of fees to the First Schedule (fees for sales and transfers) and the Third Schedule (fees for charges, debentures, and other security or financing documents) of Solicitors’ Remuneration Order 2005 (“SRO”), which sets out the scale of fees payable in property transactions, including sale and purchase transactions (subsale and developer transactions) and charges, debentures, and other security or financing documents.

Continue reading “Legislation Update – Amendments to the Solicitor’s Remuneration Order”