Jurisprudentia Q3 July - September 2022

7 November 2022

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Banking & Finance

BNM revises Foreign Exchange Policy Notices, catering to evolving needs of current economy

Federal Court rules on issuing bank’s undertaking to reimburse negotiating bank

Capital Markets

SC issues revised Guidelines on Unlisted Capital Market Products under Lodge and Launch Framework

SC expands SRI Sukuk and Bond Grant Scheme to facilitate sustainable finance

Bursa Malaysia to launch voluntary carbon market exchange by year-end

SC releases framework on Sustainable and Responsible Investment Linked (SRI-Linked) Sukuk

Corporate & Commercial

Labuan Companies Act 1990 amended to strengthen regulatory framework

Employment, Health & Safety

All employees irrespective of wages to be covered under amended Employment Act 1955 from 1 January 2023

Litigation

Amendments to Courts of Judicature Act 2022 precluding right of appeal in certain circumstances

Real Estate

Federal Court rules materials must conform to description in statutory sale and purchase agreement

Regulatory & Compliance

Consultation on proposed new unified regulatory framework of consumer credit activities launched

Tax

Tax exemption orders in respect of foreign sourced income in force

General

Anti-party hopping laws introduced in Federal Constitution of Malaysia

Publications

The International Arbitration Review (13th Ed, 2022): Malaysia chapter

International Arbitration 2022: Trends and Developments - Malaysia

The Asset Tracing and Recovery Review (10th Ed, 2022): Malaysia chapter

Deals

Islamic medium term notes programme of up to RM6 billion in nominal value by Sarawak Petchem Sdn. Bhd. based on the Shariah principle of Wakalah Bi Al-Istithmar

Islamic medium term notes programme of up to RM3 billion in nominal value by edotco Malaysia Sdn. Bhd. based on the Shariah principle of Wakalah Bi Al-Istithmar

Proposed initial public offering and listing of Leform Berhad, a steel manufacturing and trading company, on the ACE Market of Bursa Securities

Term Loan Facility of RM65 million to Pinnacle Triumph Sdn. Bhd. for the part-financing of the acquisition of the entire equity interest in Guppy Plastic Industries Sdn. Bhd.

Syndicated Term Loan Facilities of US$48.4 million to OCK Group Berhad

Acquisition of Lee Soon Seng Plastic Industries Sdn Bhd, one of the largest manufacturers of functional food containers in Malaysia

Investment by Ikhlas Capital in Silverlake Group

Awards & Rankings

Rahmat Lim & Partners maintains Tier 1 ranking in ALB M&A Rankings 2022

Rahmat Lim & Partners maintains Tier 1 ranking in IFLR1000 latest M&A rankings

Rahmat Lim & Partners continues to have highest number of leading lawyers recognised in Malaysia by latest IFLR1000

Rahmat Lim & Partners maintains Tier 1 ranking in IFLR1000’s latest Project Development rankings

Rahmat Lim & Partners’ Intellectual Property Practice continues to be ranked Tier 1 in Asia IP Patent Survey 2022

Rahmat Lim & Partners’ Intellectual Property Practice maintains Tier 1 ranking in the Asia IP Trademark Survey 2022

Rahmat Lim & Partners’ Intellectual Property Practice ranked in IAM Patent 1000’s firm and individual rankings