Definition: Financial derivatives are contracts which are written on an asset (referred to as an “underlying asset”). The price of the contract depends on the price of the underlying asset. Main Types of Derivative: Future Derivative A binding…
Author: Chan Zi Xin
Chan Zi Xin is currently pursuing a Master in Medical Law (LLM) in the University of Liverpool as a Hodgson scholar. Having had her own articles published in Brickfields Law Review and Liverpool’s Law Bulletin, Zi Xin also led the operation of the University of Liverpool’s Law Review as the Deputy Editor In Chief (2016-17). Besides, Zi Xin currently volunteers with Healthwatch Liverpool as a social worker, where she acts as an advocate to help monitor and influence the provision of health and social care services in Liverpool. Zi Xin is also an avid squash player where she played for the university team and coached junior players.
Know Your Rights When You Are Arrested Remanded
(i) ARREST It is your fundamental right to be informed that “you are arrested” and on what grounds. The police must bring you to the nearest police station immediately and nowhere else. You have the right to contact a lawyer…
Malaysia GE14: Right For a Take Time Off To Vote?
Section 25 of the Malaysia’s Election Offences Act 1954 makes it compulsory for employers to give employees reasonable time off to vote in the Malaysia’s general election. Employers to allow employees reasonable period for voting 25. (1) Every employer…
How To Prove Trademark Infringement In Malaysia
Registered trade mark infringement occurs if a party uses, in the course of business, a trade mark which is identical to or confusingly similar to that of another registered trade mark. The trade mark can be enforced against domain names,…
How To Be Discharged From Bankruptcy In Malaysia
There are 3 main ways to be discharged from a bankruptcy status: By way of discharge in court: the bankrupt may apply to the court to discharge himself from the bankruptcy status. The DGI has to produce a report on…
Tax Rate, Relief & Exemption For Rental Income In Malaysia
Step 1: Identify the sources of taxable income First of all, it is important to understand the sources of taxable income in Malaysia, including income earned from a business, employment earnings and rental income, amongst all other things. For example,…
Stamp Duty Formula For Tenancy Agreement In Malaysia
Step 1: Calculate your total of annual rental (e.g.: RM2,200 per month x 12 months = RM26,400) Step 2: Calculate your taxable rental The first RM2,400 of your annual rental is exempted for stamp duty. So, you will minus…
[Member] How to Recover Debt When Someone Owes Me Money?
Debt recovery is a process of seeking payment from individuals/businesses when the amount payable is due but remains unpaid. Option 1: Court Action Step 1: Issue a letter to demand to your debtor to serve as a reasonable notice…
New Cryptocurrency Regulation Comes Into Effect in Malaysia
Commencing from 27th February 2018, the new Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) policy guidelines for cryptocurrencies came into effect. The policy’s objective is to “ensure that effective measures are in place against money laundering and terrorism financing…
Case Update: Sales Tax Refund
Have your sales tax refund application been rejected by the Customs on the basis that the price of goods did not decrease or increase after the implementation of GST? Good news: The High Court had recently confirmed that the GST…
What is Testamentary Trust?
Testamentary Trust Defined: Testamentary trust a discretionary trust established under a Will. It does not come into effect until after the person (ie: the testator) die. Usually a person makes a Testamentary Trust when the beneficiary is still a…
How To Set Up A Partnership In Malaysia?
What constitutes a Partnership? Partnership is a business owned and run by two or more persons, but not exceeding 20 persons. In Malaysia, all economic partnerships are governed by the Partnership Act 1961. How to start a Partnership? Registration must…
[Premium Member] Case Update: Conversion out of Islam MUST be decided by Syariah Court only
“APOSTASY” means the formal abandonment or renunciation of a religion by a person, for example, to convert from Islam to Christian. In strict religious sense (hudud law), the punishment for apostasy is death, but luckily this is not enforced in…
Joint Tenancy vs Tenancy in Common: What Are The Differences?
Co-ownership Where property is purchased under the joint names of two or more people, a ‘trust of land’ arises. Where there is a trust of land, the legal estate and equitable estate of the property are separate. This simple means,…
Revised Definition For SMEs
Revised Definition for SMEs As many of you are aware of, SMEs enjoy various benefits including easy access to finances and soft loans, and sometimes financial guarantee for expansion and working capital. Since 2014, there was a revised definition for…
Employment Insurance System (EIS) [S240919.2]
What is the Employment Insurance System (EIS)? Most of you would be familiar with EPF (ie: a compulsory savings and retirement planning for private sector workers) and SOCSO (ie: protection in term of medical & cash benefits for work related…
Common Queries About Divorce In Malaysia
Common Queries About Divorce in Malaysia 1. Must the couple live separately for two years before filing a divorce? It is not mandatory for a couple to live separately for 2 years before they can file for divorce. Separation for…
Dealing With Foreign Assets During The Administration Of An Estate
Dealing with Foreign Assets during the Administration of an Estate After a person dies, it is crucial to check if the deceased owns foreign property alongside with the assets he owns in the country he domiciled (ie: lived). Generally,…
When A Will Can Be Revoked?
When a Will can be Revoked? Marriage Your Will is automatically revoked if you marry or remarry. An exception to this is where your Will expressly provides a ‘contemplation of marriage’ clause that you are expecting to get married…
What Will Happen After You Are Declared Bankrupt?
What Will Happen After You Are Declared Bankrupt? There are two ways in which a person can be made a bankrupt: Creditor’s Petition – A creditor may commence bankruptcy proceedings against an individual by serving them with a bankruptcy…