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IS THERE A DIFFERENCE BETWEEN NON-EXECUTIVE INDEPENDENT DIRECTORS AND EXECUTIVE DIRECTORS? A. Non-Executive Independent Director (NEID): • NEID must be independent of the company’s management and not be involved in the day-to-day operations. They do not have any material financial or personal interest in the company that could compromise their objectivity. • Their primary role […]

Each business transaction is unique, and tailoring legal considerations to the specific circumstances of the acquisition is crucial for a successful and legally compliant purchase. Here are some key considerations when buying a business. 1. Due Diligence: It is critical to conduct a thorough due diligence. This involves investigating the financial, operational, and legal aspects

HERE ARE 5 IMPORTANT LEGAL CONSIDERATIONS IF YOU ARE LOOKING TO BUY A BUSINESS. Each business transaction is unique, and tailoring legal considerations to the specific circumstances of the acquisition is crucial for a successful and legally compliant purchase. Here are some key considerations when buying a business. 1. Due Diligence: It is critical to

Here are 7 key areas to focus on when entering a joint venture: 1. Purpose & Scope: Your JVA must clearly define the objectives and purpose of the joint venture. Outline the specific business activities and projects the joint venture will undertake. Specify the duration of the joint venture. 2. Contributions & Responsibilities: The JVA

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,

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

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

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

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

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