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…
Private Acquisition in Malaysia: Share Sale vs Business Sale | Agreement In Malaysia, the two most common ways of acquisitions of privately owned companies, businesses or assets are by way of (i) acquisition of shares in a company (“Share Sale”); or (ii) acquisition business or assets from a company (“Business Sale”). A private acquisition in…
The Complete Guide to PDPA Personal Data Protection Act and How it Affects You With more and more personal data being shared and circulated on the internet, have you ever wondered how your personal data is protected? Would the website or company requesting your personal data abide to the privacy laws in Malaysia PDPA? If…
Soalan Lazim : Undang-Undang Pekerjaan di Malaysia | Akta Kerja 1995 Soalan Lazim ini merangkumi asas-asas Akta Kerja 1995, yang terpakai kepada kedua-dua majikan dan pekerja, bersama-sama dengan undang-undang lain yang berkaitan. Akta Pekerjaan Malaysia 1995 mengawal semua aspek perhubungan buruh di Malaysia. Apakah definisi pekerja? Di bawah Akta Kerja 1955, pekerja didefinisikan sebagai:- Mana-mana…
Shareholders Agreement: Everything You Need To Know A Shareholders Agreement is the contract between the shareholders of the company to govern their manner and conduct, to define their rights, duties and obligations inter se in running the company. Every Shareholders Agreement should be individually tailored, because every company is different. Why should you have a…
Issues How can a company secretary (cosec) be held negligent towards its client (i.e. a company), and then subsequently be liable for damages suffered by its client? Does a cosec holds a duty of care towards its client to inform the receipt of legal documents from the authority in the registered address? (in our present…
Is it safe to have your contract drafted by yourself? We have already established the necessity to have your contract to be put in writing in Part 1 of the Article. The next issue arises as to can you draft your own contract? Is it safe to do so? First of all, any agreement made…
What is a Contract We enter into contracts everyday. Almost everything that we do – from buying KFC and McDonald, to buying clothes in clothing retail store, to buying a property, is regulated by the law of contracts. A contract, in simple terms, is an agreement between two parties that is enforceable by law. However,…
WHAT BUSINESS ENTITIES AND BUSINESS OWNERS MUST KNOW ABOUT THE NEW SECTION 17A Introduction of Section 17A Section 17A of the Malaysian Anti-Corruption Commission Act 2009 (“MACC Act”) came into force on 1st June 2020 through an amendment bill gazetted back in May 2018. This addition establishes a new statutory corporate liability on commercial organizations…
While many of businesses are recovering from the economic impact ravaged by Covid-19, a new law concerning directors, business owners and senior management have come into force on 1 June 2020. What is the Law About? The new law, which is the section 17A of Malaysian Anti-Corruption Commission Act 2009 (“the Act”) introduces corporate liability…
