Malaysia practices dual legal system, generally categorized as civil law (a misnomer, I personally think it should called secular law as “civil law” refers to another type of legal system in the world) and Islamic law.
When you received a Writ and Statement of Claim, it basically means someone has sued you (let’s call him the “Plaintiff”). You have 14 days to enter your appearance i.e. to tell the court and the Plaintiff that you will be coming to court to fight the suit.
The 2019 Real Property Gains Tax rates are a significant factor for consideration to anyone who owns a property and intends to profit from its sale The Real Property Gains Tax (“RPGT”) in Malaysia is definitely not a new subject for property owners – veteran investors especially. First introduced in 1995, the latest iteration of…
Have you ever wondered how long it takes for sale and purchase agreements to be completed? Does it frustrate you in situations where delays cost you late payment interests as a Purchaser? Before purchasing a property, you need to consider the time frames involved in the sale and purchase agreements in order for you to plan accordingly for payments and take vacant possession of the property.
Tenancy can no doubt generate a passive income for you. However, a bad tenant may turn your property investment into a nightmare. If a tenant refuses to pay rent but continues to stay on the premises, what can you as a landlord do?
For first time home buyers, there is nothing more confusing than to sign up for your first housing loan. After your housing loan application has been approved by the bank of your choice and before proceeding to the signing of the Loan Agreement, the bank will issue a letter of offer. This, as a basic…
Malaysia follows the system of registration of title and hence the title is everything. This means that legality of the property and the legality of the vendor is spelt out in the title itself. The first thing a purchaser should do in acquiring a property is to conduct a land search or engage a lawyer to conduct…
As Bank Negara Malaysian (BNM) and Securities Commission Malaysia (SC) have issued a cease-and-desist letter to CopyCashCoin in its attempt to launch an ICO (Initial Coin Offerings) in Malaysia in January 2018, the question remaining is whether it’s possible to launch ICO (Initial Coin Offerings) in Malaysia legally? ICOs are all the rage the world…
The 14th General Election (“GE14”) is before us. However, the Election Commission has fixed the polling to be held on 9th May 2018, a Wednesday. At the time of writing, there is no indication from the caretaker Federal Government on whether 9th May 2018 will be designated as a public holiday. Leaving aside the question of the propriety…
Q: What are the key highlights of the changes for the newly implemented Companies Act 2016 compared to the old Act? Under the Companies Act 1965 (“Old Act”), a memorandum and articles of association (“M&A”) is required for a company to be incorporated. Under the Companies Act 2016 (“New Act”), the M&A is replaced by…
