Legal Framework
From The Report: Malaysia 2012
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In partnership with Chooi & Company, OBG takes a look at Malaysia’s legal system. Key points include the long-awaited Mediation Act 2012, as well as a number of new laws intended to improve regulations and step up protection of relevant parties. Christopher Leong, Managing Partner of Chooi & Company, offers a viewpoint on recent legal developments

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Analysis

Laying down the law: The legal environment and current trends
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THE LEGAL SYSTEM: Malaysia’s legal system is largely based on the English common law system with some areas of the law having been codified, and with many laws being similar to those found within the Commonwealth. Malaysia has a total of 13 states and three Federal Territories and its land mass is divided into East Malaysia and Peninsular Malaysia. The two states of Sabah and Sarawak and the Federal Territory of Labuan are situated in East Malaysia while the 11 other states and the two federal…

Overview

The corporate environment: New programmes are attracting foreign direct investment
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OVERVIEW OF THE ECONOMIC TRANSFORMATION PROGRAMME: The Economic Transformation Programme (ETP) was introduced in late 2010 by the Malaysian Government to transform Malaysia into a high-income economy by 2020. It is aimed at lifting Malaysia’s gross national income per capita from $6700 in 2009 to more than $15,000 in 2020. The ETP primarily consists of two parts: • 12 National Key Economic Areas (NKEAs, i.e. oil, gas and energy, palm oil and rubber, financial services, tourism, business…

Viewpoint

Christopher Leong, Managing Partner, Chooi & Company, on recent legal developments
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In Malaysia the legal services sector is responding to the challenges posed by the Economic Transformation Programme (ETP) and the onset of the ASEAN Economic Community (AEC). The judiciary has taken steps to improve the delivery systems of the courts in terms of administrative efficiency and the quality of judicial pronouncements. Among recent initiatives by the judiciary to diminish the backlog in the courts are the introduction of new civil and commercial courts with the aim to dispose of cases…