The Employment (Amendment) Act 2022 which introduces major amendments to employment law in Malaysia were initially scheduled to come into force in Peninsular Malaysia and Labuan on 1 September 2022. However, implementation of the amendments was recently postponed to 1…
With the forecast of a new Covid-19 Wave, we revisit some of the common Covid-19 related disputes that arose during the Movement Control Order (MCO). Myth OnePursuant to the “Covid-19 Act 2020”, businesses/individuals who owe money during the MCO cannot…
All you need to know about Shareholders’ Agreement. WHAT IS A SHAREHOLDERS’ AGREEMENT? A Shareholders’ Agreement (‘SHA‘) is an agreement between the shareholders of a company which governs the relationship of the shareholders and the framework of how the company…
Below, we explain (in simple terms) 4 of the most common property-related taxes in Malaysia. 1. QUIT RENT An annual land tax imposed on property owners by respective state governments. Also known as ‘Cukai Tanah’. For stratified properties, the quit…
NON-DISCLOSURE AGREEMENT (‘NDA’) An NDA is used to protect the secrecy of a business’s confidential information that it shares with others. An NDA prevents unauthorised disclosure of confidential information by the receiver. EXAMPLES OF CONFIDENTIAL INFORMATION Examples of of a…
Subsale properties are properties which are resold from the existing owner. When you buy a subsale property, it means that you are buying from another homeowner rather than directly from the developer. For those considering to buy a subsale property in…
With the forecast of a new Covid-19 Wave, we revisit some of the common Covid-19 related disputes that arose during the Movement Control Order (MCO). Myth 1: Pursuant to the “Covid-19 Act 2020”, businesses/individuals who owe money during the MCO…
Myth 1: Anyone can apply for divorce. Fact: In most cases, only spouses who have been married for at least 2 years may apply for divorce. Myth 2: Cheating justifies divorce. Fact: In “Single Petition” divorces, where one spouse applies…
As the economy worsens and businesses face increased pressure from bad debts, we focus on helping businesses nip them in the bud. Here, we set out 3 WAYS in which debt recovery claims are optimized. 1. Summary Judgment (SJ) Procedure…
If you’re planning to SELL your property, you may be eligible for exemption from Real Property Gains Tax (RPGT):- (a) In summary, Malaysian citizens are exempted from the RPGT chargeable on gains arising from the disposal of up to three…