Articles

New requirement for hiring expatriates issued by the Malaysia Government

Effective from 01.01.2021 Requirement 1) Companies need to advertise job vacancies via MYFutureJobs portal https://www.myfuturejobs.gov.my/. 2) Process: a) Create an online account in the MYFutureJobs portal and upload a notice to advertise the relevant job vacancy. b) Within 3 days after the job vacancy is advertised, the company must complete the PAPD Form. c) The […]

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Article about representations and warranties 2

Representations and Warranties – Part 2 4               Effects and Functions of Representations and Warranties 4.1           Terminating the M&A transaction and claims for damages When a Representation was inaccurate, and/or a Warranty had been clearly breached:(i) The breaching party is deemed not to have fulfilled its pre-contractual representation, and the aggrieved party has the right to

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Entry of Business Traveller to Malaysia

In order to encourage more foreign direct investment, Malaysian government has set up a One-Stop Center (OSC) to facilitate the approval process for business travellers who make trips to Malaysia, either for short-term or long-term business purposes. Currently they are improving the process from manual application to a more digitized application and approval process, in

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Article about representations and warranties 1

1               What are Representations and Warranties Clauses? Representations and Warranties is where a party in a contract promises the other party that the facts or legal related matters of the object of the contract are true and accurate, at the time or prior to entering into the contract.There are two main provisions, which are provisions

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Article about revising the transaction price under Covid-19

1               Where the issues arise  In an M&A transaction, the buyer and seller will enter into a binding contract such as a Share Purchase Agreement (“SPA”), and then M&A transaction will be executed based on that contract. The execution of the M&A transaction is called Closing. It could typically take a few months to over

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