Admiralty Law Part 6

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Admiralty Law will be explored. Ship Mortgages Nature Of A Ship Mortgage The nature of a ship mortgage is statutory under most legal systems. Under English law it is…

Admiralty Law Part 5

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Admiralty Law will be explored. Ownership And Management Registration Of Ships And Ownership Ship registration has two functions. The first concerns the public law character of ship registration. This…

Admiralty Law Part 4

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Admiralty Law will be explored. Ship Arrest And Jurisdiction On The Merits Outline Legal Framework For Obtaining Jurisdiction On The Merits The starting point for approaching the question whether…

Admiralty Law Part 3

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Admiralty Law will be explored. Procedure for enforcement of claims in rem Arrest of a ship and the aftermath When the ship is arrested, the defendant may provide security…

Admiralty Law Part 2

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Admiralty Law will be explored. Enforceability of claims under the Admiralty jurisdiction of the High Court Nature of in rem proceedings The advantages of the in rem claim over…

Admiralty Law Part 1

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series, as restated by Chakra Thillainathan, the basis and elements of Admiralty Law will be explored in the following 16 parts. The Nature Of Admiralty Jurisdiction Statutory rights in rem and maritime liens The Senior…

International Laws Of The Sea – Part 16

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of International Laws of The Sea, will be explored. Dispute settlement mechanism in the law of the sea Background to the dispute settlement mechanism Traditionally, provisions for the settlement of…

International Laws Of The Sea – Part 15

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of International Laws of The Sea, will be explored. International Seabed Authority Institutional structure of the International Seabed Authority The Authority is comprised of three principal organs: an Assembly made…

International Laws Of The Sea – Part 10

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of International Laws of The Sea, will be explored. Rights of coastal states and other states in the continental shelf Rights of coastal states Coastal states have exclusive sovereign rights…

International Laws Of The Sea – Part 9

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of International Laws of The Sea, will be explored. Definition and method of drawing the limits of the continental shelf Evolution of the continental shelf as a legal concept The…

International Laws Of The Sea – Part 8

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of International Laws of The Sea, will be explored. Contiguous zone Development of the concept of a contiguous zone When states began to make extensive claims for a territorial sea…

International Laws Of The Sea – Part 7

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of International Laws of The Sea, will be explored. Right of innocent and transit passage Nature and meaning of innocent passage The 1982 Convention defines the meaning of passage itself…

International Laws Of The Sea – Part 3

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of International Laws of The Sea, will be explored. Four Geneva Conventions on the Law of the Sea of 1958 Four Conventions Convention on the Territorial Sea and the Contiguous…

International Laws Of The Sea – Part 1

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of International Law of The Sea, as restated by Chakaravarthi Thillainathan, will be explored in the following 16 parts. Pre-UN development of the law of the sea Introduction We know…

Maritime Insurance Law Part 31

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. Rights Of Third Parties Third Parties An insurance contract is a contract between the insurer and the assured. The indemnity payable to the…

Maritime Insurance Law Part 30

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. The Insurer’s Right To Contribution Double Insurance The insurer is entitled to a contribution from another insurer who has insured the same risk…

Maritime Insurance Law Part 29

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. Insurer’s Right Of Subrogation Upon Payment Introduction To Subrogation Subrogation is a concept with a wide application within and outside contracts of insurance….

Maritime Insurance Law Part 28

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. The measure of indemnity: constructive total loss (CTL) Definition of a constructive total loss A constructive total loss (or a ‘CTL’) is a…

Maritime Insurance Law Part 27

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. The Measure Of Indemnity: Actual Total Loss (ATL) Types of total loss There are two kinds of total loss in marine insurance law…

Maritime Insurance Law Part 26

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. The Measure Of Indemnity: Partial Loss The principle of indemnity By a contract of indemnity insurance, the insurer undertakes to hold the assured…

Maritime Insurance Law Part 25

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. The Sue And Labour Clause (Mitigation Of Loss) The Sue And Labour Clause The ‘sue and labour’ clause in the SG form of…

Maritime Insurance Law Part 24

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. Causation The proximate cause In order to be indemnified for a loss under a marine insurance policy, it must be established that the…

Maritime Insurance Law Part 23

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. Excepted Risks Excepted perils Generally, but not always, an excepted peril is a peril which would be included within an insured peril and…

Maritime Insurance Law Part 22

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. War, Political And Strike Risks War Risks Clauses The SG form scheduled to the MIA covered marine and war risks. However, it became…

Maritime Insurance Law Part 21

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. Marine Risks The ingredients of a valid insurance claim The essence of a marine insurance contract is that it is a contract of…

Maritime Insurance Law Part 20

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. Implied Warranties Implied Warranties Section 33(2) MIA recognises that warranties may be implied. Warranties may be implied into the marine insurance contract either…

Maritime Insurance Law Part 19

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. Conditions Precedent And Other Terms Of The Insurance Contract Conditions Precedent Conditions precedent are frequently used in insurance policies. A condition precedent is…

Maritime Insurance Law Part 18

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. Express warranties Definition Of Warranties Two different types of warranties should be distinguished: Promissory warranties, the breach of which will discharge the insurer…

Maritime Insurance Law Part 17

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. Attachment, Duration And Termination Of The Insured Risk Policy Period, Time Policy And Voyage Policy The same considerations within section 25 MIA. These…

Maritime Insurance Law Part 16

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. Premium Introduction The premium is the monetary consideration paid by the assured in return for the insurer’s promise of indemnity in respect of…

Maritime Insurance Law Part 15

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. The Assured’s Agent : Rights, Duites And Liabilities Authority Of Insurance Agents Insurance agents are usually employed to effect an insurance and also…

Maritime Insurance Law Part 14

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. Remedies Avoidance Meaning Of Avoidance Avoidance is a remedy available to the innocent party. However, it is a remedy which does not apply…

Maritime Insurance Law Part 13

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. The Insurer’s Duty Introduction Section 17 MIA is quite clear in saying that the duty of good faith rests on both the assured…

Maritime Insurance Law Part 12

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. The Assured’s Post-Contractual Duty Of Good Faith Introduction The Court of Appeal in The Mercandian Continent confirmed that the duty of good faith…

Maritime Insurance Law Part 11

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. The Pre-Contractual Duty Of Utmost Good Faith Introduction Section 17 MIA provides as follows:- A contract of marine insurance is a contract based…

Maritime Insurance Law Part 10

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. Persons Who May Claim On A Policy Section 26 MIA Section 26 MIA provides as follows:- The subject-matter insured must be designated in…

Maritime Insurance Law Part 9

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. Valuation of Insurable Interest Basis of Valuation Valuation is important to know the quantum of indemnity that the assured is rightfully entitled to…

Maritime Insurance Law Part 8

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. Change Of Voyage, Deviation And Delay Attachment Of Risk, Change Of Voyage And Deviation Section 45 MIA provides as follows:- Where, after the…

Maritime Insurance Law Part 7

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. Duration of Risk : Time Policies And Voyage Policies Time and Voyage Policies Defined Section 25 MIA provides as follows:- Where the contract…

Maritime Insurance Law Part 6

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. Floating Policies & Open Covers Floating Policies Section 29 MIA provides as follows:- A floating policy is a policy which describes the insurance…

The Role of Due Diligence in Private Acquisition

The Role of Due Diligence in Private Acquisition

The Importance of Due Diligence in Private Acquisitions What is Private Acquisition? Private Acquisition refer to transaction whereby a buyer (“Buyer”) acquires privately owned companies, businesses or assets in Malaysia by way of either (i) acquisition of shares in a target company (“Share Sale”); or (ii) acquisition business or assets from a target company (“Business…