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,…
Newsflash
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…
Purchasing properties in Penang, is it still as easy as it used to be?
To prevent the adverse effects of a property bubble and to attract genuine buyers rather than speculators,the Penang State Government has come out with their latest ruling in which come into effect on 1 February 2014, of imposing a 3%…
[Member] Preference Shares, A MUST Know If You Are Planning To Venture Into The Business World.
The first and most basic question is, what are preference shares? Preference shares, more commonly referred to as preferred stock, are shares of a company’s stock with dividends that are paid out to shareholders before common stock dividends are issued.…
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…
Supply of Tangible Goods Agreement
*explanatory notes: This Agreement is ideal for a fixed term for supply of goods/services on recurring basis (either monthly, quarterly etc) with credit terms payment (i.e 60 days terms). CONTRACT FOR PURCHASE OF GOODS AND/OR SERVICES THIS AGREEMENT is made…
Division Of Assets After A Divorce
Division of Assets After a Divorce If I get a divorce, do I automatically get 50% of the assets? According to the case of Yap Yen Piow v Hee Wee Eng [2016], there are three types asset/property for the purposes…
Standard Of Care For Doctors
Determining the Proper Standard of Care for Doctors: Bolam/Bolitho Test In Zulhasnimar Hasan Basri v Dr Kuppu Velumani P (2017), the Federal Court clarified the distinction between a doctor’s duty in diagnosis and treatment (Bolam/Bolitho test), and the duty…
Right To Be Forgotten
“Right To Be Forgotten” The General Data Protection Regulation (“GDPR”) is coming into force in the UK and the EU in May 2018. Under Article 17 of the GDPR, the “right to be forgotten” means “the right to obtain…
[Member] Deed Of Gift (Property)
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”)…
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)
BORANG 14A NATIONAL LAND CODE (N.L.C. 27A-Pin. 2/85) Kanun Tanah Negara Borang 14A (Seksyen 215, 217, 218) PINDAHMILIK TANAH, BAHAGIAN ATAU PAJAKAN (Setem hendaklah dilekatkan – atau pembayaran cukai diperakui – dalam ruang ini) UNTUK KEGUNAAN PEJABAT PENDAFTARAN…
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…