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The
Malaysian biz laws, rules and regulations follow closely that of United
Kingdom and Australia.
The
principal law that governs corporate entities is the Companies Act, 1965.
All companies whether private or public must be registered with the
Registrar of Companies. Once registered, they are subjected to the Company
Laws, Rules & Regulations. As for partnerships, they are regulated
by the Partnership Act.
The
Contract Act governs most biz transactions and contractual agreements
between mutual parties. It helps to settle trade disputes, disagreements
and decide on degree of damages.
If
you want to draft your own simple agreements, understand the meanings of
certain laws, rules & regulations, you can refer to our Expert Advice.
However, for complicated agreements and legal opinion, we advise you to consult a
advocate & solicitor.
If
an individual is not able to pay its debts, the creditor has rights to sue
him for bankruptcy. All the procedures of making an individual bankrupt is
govern by the Bankruptcy Laws and Regulations.
Malaysia
is practicing open economy. Many of our biz people are exporting globally
and at the same time foreign investors are investing heavily in Malaysia.
Our government has established proper Trade Mark
laws to protect the trade marks and brand names of companies and
products, Patent laws to protect the
designs and inventions of entrepreneurs and stringent Copyright
laws to protect the intellectual properties of the creator, designer
or writer.
You
can also get more detail help from our Expert Advice
by subscribing as a Member. In this section, we have solutions on solving
peculiar shareholders problems, directors dilemma, sample agreements on
trust, call & put options, shareholders agreements, MoU, joint-venture
& technical assistance agreements and more ..
To
find our more about the legal profession, you can go to the Legal
Directory- Malaysia, Legal Links - Malaysia
and Legal Links - International.
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