DEED OF GIFT THIS DEED OF GIFT made on this day 20 Between xxxxxxxxxxxxxxxxx (hereinafter referred to as “the Donors”) of the one part and xxxxxxxxxxxxxxxxx (hereinafter referred to as “the Donee”)…
Month: January 2018
IS SECTION 233 COMMUNICATIONS AND MULTIMEDIA ACT (CMA) 1998 CONSTITUTIONAL?
Is S.233 Communications and Multimedia Act (CMA) 1998 constitutional? In April 2016, Subang MP Sivarasa was charged under section 233 of the Communications and Multimedia Act (CMA) 1998 for initiating and sharing electronic communication which is offensive to Prime Minister…
The Right Of Illegitimate Muslim Child To Carry Father’s Surname
The Right of Illegitimate Muslim Child to Carry Father’s Surname Background: The National Registration Department (NRD) uses the term “illegitimate child” for child born to unmarried couples. “Illegitimate child” also includes child born within six months of their Muslim…
Termination Of Co-Proprietorship
TERMINATION OF CO-PROPRIETORSHIP 1) Can the court terminate the parties’ co-proprietorship or not ? Yes, it is possible. 2) How to terminate the co-proprietorship ? = Subdivide the land = Have the land partitioned = Transfer the minority shareholder’s…
5 Things You Need To Know About Bankruptcy Law In Malaysia
5 Things to learn about the new Insolvency Act 1967 in Malaysia On 6 October 2017, the Bankruptcy (Amendment) Bill 2016 came into force, bringing about significant changes to bankruptcy regime in Malaysia. Note that the Bill renamed the…
Top 10 Tenancy/Lease Terms You Should Have Before Renting
Top 10 Tenancy/Lease Terms You Should Have Before Renting Tenancy is created for a term not exceeding three years, whereas leases are for period longer than 3 years. Tenancy at will is an agreement where a tenant occupies a property…
[Member] POWERS BETWEEN SHAREHOLDERS AND DIRECTORS
Case Update: Federal Court Clarifies the Extent of Directors’ Duties In Tengku Dato’ Ibrahim Petra bin Tengku Indra Petra V Petra Perdana Berhad (2017), the Federal Court had delivered a landmark judgment clarifying the division of power between shareholders and…
FORM 14A (NATIONAL LAND CODE)
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LETTER OF INDEMNITY
Letter of Indemnity Date: name nric add To: name nric add Dear Sirs, Re: LETTER OF INDEMNITY Property : Unit of Service apartment known as held under Developer: Vendor(s): New Purchaser: Principal Sale…
[Member] STATUTORY DECLARATION – PROPERTY (MALAY)
Statutory Declaration (Malay) LAMPIRAN A SURAT AKUAN Saya / Kami (No. Kad Pengenalan : ) yang beralamat di dengan sesungguh dan sebenarnya mengakui bahawa : Saya/Kami adalah tuan punya tanah bagi Hakmilik No…
LETTER OF UNDERTAKING AND INDEMNITY – Sale of Business
LETTER OF UNDERTAKING AND INDEMNITY LETTER OF UNDERTAKING AND INDEMNITY name nric add DATE: name nric add RE: Vendor : Purchaser : Purchase Price : RM xxx,xxx-00 Subject : (“the Business”) _____________________________________________________________________________________________ Reference…
10 Common Things You Will Find On Deed Of Mutual Covenants
WHAT IS A DEED OF MUTUAL COVENANT? A Deed of Mutual Covenant (“DMC”) is a document containing terms that are binding on all flat owners of a multi-unit or multi-storey building. Once a DMC is signed by the owner of…
Pre-Contractual Disclosure For Insurance Policy
Pre-contractual Duty of Disclosure for Insurance Contracts In Malaysia, the insurance industry and its equivalent under Islamic law (ie: Takaful) are regulated by Bank Negara Malaysia under the Financial Services Act 2013 (“FSA”) and the Islamic Financial Services Act…
The Impact Of Brexit On Financial Services In The UK
The Impact of Brexit on Financial Services in the UK On 23 June 2016, the UK electorate voted to leave the European Union in the Brexit referendum. This historic decision raises significant consequences for those financial institutions based in the…
[Member] Judicial Challenges Against Arbitral Awards
An expanded scope for judicial challenges against arbitral awards In Far East Holdings Bhd & Ors v Majlis Ugama Islam dan Adat Resam Melayu Pahang (2017), the Federal Court made important some changes to Malaysian arbitration law: An expanded scope…
Mortgage Reducing Term Assurance (MRTA)
Mortgage Reducing Term Assurance (MRTA) is sometimes referred to as Mortgage Life Insurance. If you are taking a housing loan to buy a property, chances are that you will be required to pay for MRTA by the bank as part of your…
The Valuers, Appraisers and Estate Agents (Amendment) Act 2017 Passed
The Valuers, Appraisers and Estate Agents (Amendment) Act 2017 Passed The Valuers, Appraisers and Estate Agents (Amendment) Act 1981 has come into force on 2 Jan 2018. The primary aim of the Amendment Act is to expand the scope to…
Interest Rate For Credit Sales
Interest Rate for Credit Sales Capped At 15% From 1 Jan 2018 The Consumer Protection (Credit Sale) Regulations 2017 come into force on 1 January 2018. These Regulations apply to all registered businesses which involve in credit sale transactions,…
10 Things You Need To Know About The Strata Titles Act
STRATA TITLES (AMENDMENT) ACT 2001 The Strata Titles (Amendment) Act 2001 (Act A1107) (‘the amendment Act’) is introduced to amend the Strata Titles Act 1985 (‘the principal Act’). The amendment Act is largely designed to improve the mechanism of…
Introduction to Limited Liability Partnership
LLP: An alternative business structure to partnership or company Prior to the Limited Liability Partnership (LLP) Act 2012, entrepreneurs can either become sole traders, or form a partnership or set up a company. The LLP Act 2012 introduces an…