Jurisprudentia Q2 April - June 2022: Rahmat Lim & Partners

1 August 2022

Arbitration

High Court declines to impose payment conditions for stay granted under section 10 of Arbitration Act 2005

High Court affirms binding effect of arbitration award notwithstanding pending proceedings to challenge award in seat of arbitration

Banking & Finance

Definitions of insurance business and takaful business amended in Labuan Financial Services and Securities (Amendment) Act and Labuan Islamic Financial Services and Securities (Amendment) Act

Joint Committee on Climate Change issues application guide for task force on climate-related financial disclosures

BNM issues revised foreign exchange policy notices relating to investment in foreign currency assets

BNM sets out requirements to be met by financial advisers

Recipients of five digital bank licences from BNM to undergo period of “operational readiness” prior to commencement of operations

Capital Markets

Securities Commission Malaysia issues revised Guidelines on Unlisted Capital Market Products under Lodge and Launch Framework

Competition & Antitrust

Merger control on the horizon

Corporate & Commercial

Companies Commission of Malaysia issues consultative document on proposed conditions on companies limited by guarantee

Data Protection

High Court rules Inland Revenue Board not permitted to make blanket request for customers’ personal data

Employment, Health & Safety

Partial commencement of Minimum Wages Order 2022 from 1 May 2022

Intellectual Property

New Geographical Indications Act in force

Mergers & Acquisitions

New conditions for tax incentives under Principal Hub Incentive Scheme gazetted

Real Estate

Federal Court holds landowner may participate in land reference proceedings despite prior acceptance of compensation award

Court of Appeal rules sale and purchase agreement continued to bind both parties as intermittent payments after completion date were paid and accepted by vendor

Technology, Media & Telecommunications

Content Forum revises Communications and Multimedia Content Code

Publications

The International Comparative Legal Guide to Project Finance 2022: Malaysia chapter

The Securities Litigation Review (8th Ed, 2022): Malaysia Chapter

Deals

US$690 million acquisition of minority stake in Coda Payments by Smash Capital and Insight Partners

Acquisition of 664 hectares of land from Boustead Plantations Berhad located in Kulai, Johor

Disposal of PricewaterhouseCoopers’ Global Mobility Services business

Acquisition of Tricor Group by Baring Private Equity Asia

Express Railway between Kuala Lumpur International Airport and Kuala Lumpur Sentral Station

The RTS Link Project, Malaysia and Singapore

Acquisition of KST Group

Techno International Airport, Phnom Penh, Cambodia

Hydroelectric Power Project, Laos

Listing of Cnergenz Berhad, an electronic manufacturing solutions service provider, on the ACE Market of Bursa Malaysia Securities Berhad

Awards & Rankings

Rahmat Lim & Partners maintains Tier 1 ranking in IFLR1000’s latest Banking and Finance rankings

Rahmat Lim & Partners maintains ranking in IFLR1000’s latest Capital Markets rankings

Three Partners from Rahmat Lim & Partners recognised in Who’s Who Legal’s Southeast Asia 2022

Allen Choong included in Asian Legal Business’ Asia Super 50 Disputes Lawyers 2022

Kwong Chiew Ee included in Asian Legal Business’ Malaysia Rising Stars 2022

Rahmat Lim & Partners continues to be ranked in Benchmark Litigation Asia-Pacific 2022

Rahmat Lim & Partners ranked top tier in ALB Intellectual Property Rankings 2022

Rahmat Lim & Partners’ Intellectual Property Practice and Partner recognised in Managing IP’s IP STARS 2022

Rahmat Lim & Partners’ Intellectual Property Practice ranked in Asia IP Copyright survey 2022