Jurisprudentia Q1 2024

30 April 2024

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ADR

Court of Appeal illustrates Malaysian courts’ support of agreements to arbitrate

High Court determines bids in first round of tenders under order for sale of vessel remain valid during subsequent rounds

Banking & Finance

BNM revises policy documents on anti-money laundering, countering financing of terrorism, countering proliferation financing, and targeted financial sanctions

BNM publishes exposure draft on Islamic Banking Window

BNM seeks to strengthen processes of Islamic financial institutions via new policy document on hajah and darurah

BNM issues policy document on responsibility mapping

Capital Markets

Bursa Securities to list first business trust in Malaysia

SC revises Guidelines on Recognized Markets

SC revises LOLA Guidelines, introducing categories of sophisticated investors

Competition

MyCC clarifies position on issues surrounding paddy and rice industry

Corporate & Commercial

Court of Appeal rules asset purchase agreement with deemed transfer provision constitutes “conveyance on sale” subject to ad valorem duty

Litigation

High Court finds Malaysia to be appropriate forum for dispute despite contrary exclusive jurisdiction clause

Publications

Lexology In-Depth - Public Competition Enforcement (16th Ed, 2024)

The International Comparative Legal Guide to Corporate Investigations 2024 - Malaysia

Deals

Acquisition by Columbia Asia Healthcare Sdn. Bhd. of 100% of shares in Ramsay Sime Darby Health Care Sdn Bhd

Acquisition of shares in Aerospace Composites Malaysia Sdn Bhd

Sale of 16.5% stake in AMMB Holdings Berhad by ANZ Group

Acquisition by Virya Energy of majority stake in Constant Energy 

Issuance of US$400,000,000 aggregate principal amount of 12.25% Senior Notes and €625,000,000 aggregate principal amount of 10.5% Senior Notes by ams-OSRAM AG

RM1.4 billion syndicated facilities by CIMB Bank Bhd and United Overseas Bank (Malaysia) Bhd to U Mobile Sdn. Bhd.

Proposed initial public offering and listing of shares in J&T Global Express Limited on the Stock Exchange of Hong Kong Limited

Issuance of medium-term notes of RM165 million by INTI Universal Holdings Sdn. Bhd. guaranteed by Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank

RM90 million bridge loan facility granted by BNP Paribas Malaysia Berhad to Eastern Steel Sdn. Bhd.

Sustainability-linked term loan facilities to entity incorporated in Hong Kong

CapitaLand Malaysia Trust’s proposed disposal of 12-storey office building “3 Damansara Office Tower” for RM52 million

Acquisition of lands in Iskandar Puteri

Awards & Rankings

Rahmat Lim & Partners named National Law Firm of the Year (Malaysia) at IFLR Asia-Pacific Awards 2024

Rahmat Lim & Partners and firms in the Allen & Gledhill network continue to be recognised as leading law firms in the region in The Legal 500 Asia Pacific 2024

Partners from Rahmat Lim & Partners recognised in The Legal 500 inaugural M&A Private Practice Powerlist – Asia Pacific 2024

Rahmat Lim & Partners clinches three awards at the Asian Legal Business Malaysia Law Awards 2024

Rahmat Lim & Partners’ Intellectual Property Practice ranked Tier 1 in Asia IP Copyright Survey 2024