Legal Framework
From The Report: Malaysia 2016
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This chapter gives an overview of Malaysia’s legal framework, focusing on key areas that include the Trans-Pacific Partnership, tariff agreements, reforms affecting the entry of foreign firms, and legislation to expand Islamic finance. This chapter contains viewpoints from Philip Teoh, Partner, Azmi & Associates; and Ahmad Lutfi Abdull Mutalip, Partner, Azmi & Associates.

Articles from this Chapter

Overview

Freeing trade: Greater opportunities for foreign investment and trade in light of the Trans-Pacific Partnership Agreement (TPPA)
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International trade is a vital contributor to Malaysia’s economic growth and development. In an effort to enhance the nation’s international trade, the government of Malaysia has decided to enter into the TPPA. The TPPA was signed in Auckland, New Zealand on February 4, 2016 by 12 Pacific Rim countries, namely Australia, Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, US, Vietnam and Japan, on the condition that all the contracting states ratify the agreement…

Viewpoint

Ship shape: Philip Teoh, Partner, Azmi & Associates, on regulations regarding investment in transport and logistics
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Its strategic location beside the Strait of Malacca makes Malaysia an ideal distribution base of seaborne cargos for the Asia-Pacific region. A prime example of this is that Maersk, the world’s largest container shipping line, has a 30% equity stake in the Port of Tanjung Pelepas, Malaysia’s primary container terminal, after shifting all of its operations there from Singapore in 2000. There are several initiatives under way which make Malaysia an attractive place for investment in logistics…

Viewpoint

What the future holds: Ahmad Lutfi Abdull Mutalip, Partner, Azmi & Associates, on reforms to Islamic banking legislation
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Since the passing of the Islamic Banking Act (IBA) 1983 (repealed 2013), and the establishment of the first Islamic bank, Bank Islam Malaysia Berhad, in the same year, Malaysia has become a market leader in modern Islamic finance. Its success is the culmination of efforts by various stakeholders: government, regulators, industry players, service providers, universities and the public. However, continuous reform is required to keep up with rapidly changing times. It was with this in mind that in…