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…
In order to reduce the soaring number of Covid-19 cases, the Malaysia government has implemented the second phase of movement control order (“MCO”) on 13 January 2021. The government has relaxed the restriction as compared to the first phase of MCO by allowing more sectors to open and promote business activities throughout the country. Recently,…
Introduction: What are the Law governing Adoption in Malaysia? Adoption Act (in Peninsular of Malaysia) Registration of Adoption Act (in Peninsular Malaysia) Adoption Ordinances (East of Malaysia) Adoption Act 1952 (applicable to non-Muslims only) A child adopted under the Adoption Act is legally considered a child born to the adoptive parents in lawful wedlock. According…
Whether distribution of intestacy as opposed to the Distribution Act attracts ad valorem stamp duty or nominal stamp duty of RM10 ? It is to all and sundry that where a person dies without leaving a Will, his estate would be distributed between his next-of-kin in accordance with the proportion stipulated under the Distribution Act….
I have won a lawsuit and obtained a legal judgment. What should I do next? Does it mean that I would automatically get what I wanted as stated in the judgment? What happened if the party does not comply with a judgment? The answer is simple. You may enforce your judgment against the defaulting party….
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…
Penghutang saya enggan membayar balik hutang yang terhutang kepada saya, apakah yang boleh saya lakukan? Anda boleh memulakan tindakan undang-undang terhadap penghutang untuk mendapatkan kembali hutang anda dengan mengeluarkan surat tuntutan dan/ atau menuntut hak terhadap penghutang anda. Apakah jenis maklumat / dokumentasi yang harus saya berikan untuk proses pemulihan hutang? Semua dokumen dan rekod…
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,…
Introduction Limitation period refers to the time limit for an aggrieved party to file an action against another party. In Sarawak the limitation to file civil lawsuit is governed under the Sarawak Limitation Ordinance (Sarawak Cap. 49) and the limitation period for civil lawsuits has been stated in the schedule ( Sections 3 and 6(1)…
