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
