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LEGAL ALERTS FOR SMALL AND MEDIUM-SIZED BUSINESSES (SME/MSME)

Small and medium-sized businesses (SMEs) often require legal services to navigate various legal issues, ensure compliance with laws and regulations, protect their interests, and mitigate risks. Here are four areas of importance that SMEs should focus on. 1. Business Formation and Structuring: SMEs should ensure that they have in place proper legal structure in place, […]

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CONDUCTING A LEGAL HEALTH CHECK ON YOUR BUSINESS IS CRUCIAL

Here are the reasons why: 1. Compliance Legal health checks ensure that your business operations comply with relevant laws and regulations. Compliance failures can result in fines, penalties, lawsuits, and damage to your reputation. 2. Risk Management Identifying legal risks allows you to take proactive measures to mitigate them. By assessing potential liabilities, you can

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DEBT COLLECTION

If you’re in the business of sales whether its services or goods, managing accounts receivable and ensuring timely collection of debts is a crucial aspect of maintaining cash flow and financial stability of your business. While the primary focus of sales is to generate revenue by selling products or services, it’s equally important to have

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SHAREHOLDER AGREEMENTS

From a legal perspective, having a shareholder agreement is paramount for protecting the interests of all parties involved in a company and here’s why: 1. Shareholder agreements provide CLARITY regarding the RIGHTS AND OBLIGATIONS of each shareholder. They outline issues such as voting rights, dividend entitlements, and procedures for decision-making. This clarity helps prevent disputes

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THE IMPORTANCE OF PROPER DOCUMENTATIONS FOR CIPAA 2012

CIPAA was introduced to address issues related to delayed payments and disputes within the construction industry. For CIPAA claims proper documentation is key for several reasons: 1. Documentation such as contracts, agreements, invoices, purchase orders and variation orders establish the terms and conditions agreed upon by both parties. These documents serve as evidence of contractual

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SUNK COSTS

Sunk cost is money or resources that have already been spent and cannot be recovered. In simple terms, imagine you bought a non-refundable concert ticket for RM 600, but on the day of the movie, you can’t make it. The RM 600 you spent on the ticket is sunk cost because you can’t get that

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PRIVATE CAVEATS

How does one protect his or her interest in a property that may be the subject matter of litigation? By lodging a private caveat. Under the Malaysian National Land Code 1965, a caveat is a legal notice to the Registrar to prevent any registration of dealings on a particular property without the caveator’s consent. There

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INJUNCTIONS

There are several injunctions that are named after landmark case laws, each carrying specific legal principles and criteria. These are landmark cases from English common law, which heavily influences the Malaysian legal system. Here’s a fun way to remember each of them: MAREVA INJUNCTION (THE ICE SPELL) YOUR ULTIMATE FREEZE SPELL- Culminating from the decision

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