Jurisprudentia Q2 April - June 2021

30 July 2021

Download PDF

 

COVID-19 

Malaysian Government launches PEMERKASA Plus relief package

Malaysian Government launches PEMULIH relief package

Movement Control Order 3.0 - Three phases of lockdown

Banking & Finance 

BNM issues guidance document on climate change and principle-based taxonomy

BNM announces further liberalisation of foreign exchange policy

Capital Markets 

Bursa Securities introduces new directive on pilot market making programme for eligible stocks

Competition 

Court of Appeal sets aside RM10 million fine imposed by MyCC on AirAsia and MAS

Court of Appeal grants leave for Grab’s judicial review application to be heard on merits

Court of Appeal dismisses MyEG’s appeal

Corporate & Commercial

Federal Court holds liability for statutory oppression action may extend to directors and third parties

Federal Court lays down principles on the lifting or piercing of corporate veil

Employment 

Federal Court lays down principles on fixed term contracts and permanent employment

Federal Court holds service charge cannot be utilised to pay minimum wages

Court of Appeal rejects ground of dismissal raised for first time in Industrial Court

Energy, Infrastructure & Projects

Net Energy Metering 3.0: Rooftop solar initiatives

ESG & Public Policy

SC updates Code on Corporate Governance to promote board leadership and oversight of sustainability

FinTech 

BNM issues exposure draft on electronic money

Litigation 

Federal Court allows appeal by celebrity on goodwill and passing off

Restructuring & Insolvency

Malaysia amends winding-up threshold

Publications 

The International Comparative Legal Guide to Enforcement of Foreign Judgments 2021

The International Comparative Legal Guide to Project Finance 2021

The International Comparative Legal Guide to Product Liability 2021

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

Practical Law Energy and Natural Resources Global Guide - Mining in Malaysia: Overview

The Securities Litigation Review (7th Ed, 2021)

The Employment Law Review 2021

Global Legal Insights to International Arbitration 2021

Deals 

Multi-currency term loan facilities of up to US$4 billion (or equivalent) granted to C.P. Retail Development Company Limited

Issuance of Sukuk Murabahah of up to RM15 billion in nominal value under Shariah Principle of Murabahah (via Tawarruq arrangement) by Infracap Resources Sdn. Bhd.

Financing of US$2 billion senior secured term loan B facility

RM10.3 billion debt refinancing for Sapura TMC Sdn Bhd

RM293 million acquisition of 56.32% equity interest in Chemical Company of Malaysia Berhad (“CCM”) and the subsequent mandatory take-over offer for CCM together with the compulsory acquisition of the minority shares in CCM for a total cash consideration of RM209 million

Syndicated Shariah-compliant sustainability-linked facilities of up to RM282.6 million obtained by Central Medicare Sdn. Bhd. based on Shariah principle of Murabahah (via Tawarruq arrangement)

Proposed dual primary listing of shares in Top Glove Corporation Berhad (“Top Glove Shares”) on The Stock Exchange of Hong Kong Limited and the proposed offering of Top Glove Shares

Awards & Rankings 

Rahmat Lim and Partners wins M&A Deal of the Year award at Asia Legal Awards 2021

Rahmat Lim & Partners’ Intellectual Property Practice achieves Tier 1 ranking in the Asia IP Trademark Survey 2021

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

Rahmat Lim & Partners ranked in Asian Legal Business Intellectual Property Rankings 2021

Rahmat Lim & Partners’ Intellectual Property Practice and Partner recognised in Managing IP’s IP STARS 2021

Rahmat Lim & Partners Malaysia has received top tier rankings in the practice areas covered by Benchmark Litigation Asia-Pacific (“Benchmark”) 2021

Rahmat Lim & Partners’ Intellectual Property practice maintains trade mark rankings in Managing IP’s IP Stars 2021