Jurisprudentia Q3 July - September 2020

21 October 2020

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COVID-19 

Senate passes Temporary Measures for Reducing the Impact of Coronavirus Disease 2019 (COVID-19) Bill 2020  

Banking & Finance  

Currency Act 2020 in force from 1 October 2020 

Bank Negara Malaysia issues FAQs and Guidance on anti-money laundering, countering financing of terrorism and targeted financial sanctions  

Competition 

MyCC issues final decision against the General Insurance Association of Malaysia and its 22 members for infringement of section 4(2) of Competition Act 2010 

MyCC releases Market Review on Wholesale and Retail Industry 

MyCC and MCMC raise concerns on telecommunications providers’ exclusivity arrangements in high-rise buildings 

Corporate Real Estate 

Malaysia implements stamp duty exemptions for sale and purchase agreements until May 2021 

Malaysia exempts payment of real property gains tax under certain circumstances 

Islamic Finance  

Shariah Advisory Council of Bank Negara Malaysia issues new rulings on restructuring Islamic financing facilities 

Litigation  

Court of Appeal holds introduction of Minimum Wages Order 2012 should not prevent employees from receiving payment of service charge previously received 

Court of Judicature (Amendment) Bill 2020, Subordinate Courts (Amendment) Bill 2020, Subordinate Courts Rules (Amendment) Bill 2020 passed by the Senate on 23 September 2020 

Court of Appeal finds filing of pleadings prior to applying for stay of proceedings showed intention to proceed with trial 

Medico-Legal 

Allied health practitioners to now hold practising certificates

Restructuring & Insolvency 

High Court allows unsecured creditors to intervene in and oppose a judicial management application  

Senate passes Insolvency (Amendment) Bill 2020

General 

Senate passes Road Transport (Amendment) Bill 2020

Publications

Practical Law Dispute Resolution Global Guide - Litigation and Enforcement in Malaysia: Overview 

The International Arbitration Review 2020 

The Asset Tracing and Recovery Review 2020 

Deals

US$800 million Syndicated Multi-Currency Shariah-Compliant Sustainability-Linked Facilities obtained by Axiata Group Berhad

Refinancing of a US$575 million revolving credit facility granted to a wholly-owned subsidiary of AET Tanker Holdings Sdn. Bhd.

Medium term notes programme of up to RM720 million in nominal value established by Columbia Asia Sdn. Bhd.

Syndicated financing granted to Hong Leong Healthcare Group Sdn. Bhd. for the acquisition of Columbia Asia Healthcare Pte. Ltd.

Acquisition of 88 per cent. stake in Strateq Sdn. Bhd.

Awards & Rankings 

Rahmat Lim & Partners maintains top tier rankings in IFLR1000’s thirtieth edition

Rahmat Lim & Partners ranked top tier in Asialaw Profiles and Asialaw Leading Lawyers 2021

Rahmat Lim & Partners ranked Tier 1 in ALB M&A Rankings 2020 

Rahmat Lim & Partners wins Arbitration Law Firm of the Year award at the 7th ALB Malaysia Law Awards 

Rahmat Lim & Partners is ranked for trademark in the 2020 Asia IP Trademark Survey 

Rahmat Lim & Partners Intellectual Property Practice ranked in IAM Patent 1000 2020