A Legal Guide To Employee Retrenchment Selection Criteria
Five selection criteria for retrenchment as outlined in the Code of Conduct for Industrial Harmony (CCIH).
Articles
A 6-Step Guide To Lawful Employee Retrenchment In Malaysia
When protecting a business means letting people go, here’s how to do it in full compliance with labour law.
An Overview Of The 2024’s Proposed Amendments to the Personal Data Protection Act 2010
Note: Barring any further amendments to the law, this article should be read in the context of the Bill being passed in its current form as at the time of writing as of 11 July 2024. The Personal Data Protection (Amendment) Act 2024 (“PDPA Amendments in 2024“) is currently at the 1st reading stage in …
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Exploring The Different Types of Investment Contracts in Malaysia
Introduction Imagine you’re an investor eager to tap into Malaysia’s booming market. What legal safeguards ensure your capital is protected? Welcome to the world of investment contracts. These essential legal instruments govern the relationships and obligations between parties involved in an investment, providing a framework that ensures interests are protected and ventures are legally compliant. …
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Why Malaysian Companies Should Adopt GDPR Standards
The Malaysian Personal Data Protection Act (PDPA), effective since November 15, 2013, governs the processing of personal data within Malaysia. It applies to all businesses involved in commercial transactions. However, as Malaysian enterprises increasingly expand their operation across international horizons, a pressing question arises: does compliance with the PDPA seamlessly align with the stringent requirements …
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Understanding Section 228 of the Companies Act 2016: Shareholders’ Approval for Substantial Property Transactions with Directors, Substantial Shareholders or Connected Persons
In general, the directors of a company have the power and authority to make decisions pertaining to the business of the company. However, it is essential to note that certain transactions require approval from the company’s shareholders, as stipulated by the Companies Act 2016 (“Act”). An instance of this is when the company engages in …
Understanding Refundability and Forfeiture of Deposits and Part Payment in Commercial Transactions
Deposits and part payments are common contractual payment in commercial transactions. Whether you are stepping into a tenancy agreement or diving into significant business contracts, these financial commitments often serve as crucial elements for establishing valid and binding contracts. In this article, we will delve into the key differences between deposits and part payments, what …
The Strategic Role of Letters of Intent in Business Negotiations
Introduction In the dynamic world of business, the Letter of Intent (“LOI”) often plays a critical role in shaping major deals. Serving as a foundational tool in business negotiations, it bridges the gap between informal discussions and formal contracts. This article explores the significances of the LOI, its legal standing and its application across various …
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Terminating Employment Contract Smoothly with Proper Notice
Efficiently managing your workforce involves not only the hiring process but also the art of gracefully concluding employment contracts. To handle this process with care, it is important for employers to understand a vital element – the “notice period.” This article will guide you through the notice requirements outlined in the Employment Act 1955 (the …
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Navigating Distribution Agreements – A Guide for SME Suppliers in Malaysia
As a supplier, expanding your business through offline distribution channels can present both opportunities and challenges. Engaging a distributor can open up new markets and increase your reach, but it also comes with potential pitfalls. To navigate this journey successfully and safeguard your interests, a well-structured distributorship agreement becomes paramount. In this article, we will …
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